EGYPT Archives - Wontumi Online

12 Jul

Ghana Overtake Egypt With Highest Interest Rates Among 15 Top African Countries

Wontumi1BusinessBoG, EGYPT, Ghana, Interest Rates

Ghana overtook Egypt with the highest interest rates among 15 top African countries. According to the Weekly Fixed Income Update compiled by some investment firms, the rates of about 24.39% and 26.03% for the 91-day and 182-day treasury bills were the highest among these top African economies. Despite the rates falling significantly in March 2023 due to the Domestic Debt Exchange Programme, they have gone up consistently to almost 30% (364-day bill) since then, and are also classified among the highest globally. The 91-day bill and 182-day bill have fallen by 10.97% and 9.95% since March 2023. Again, average lending…

U-23 AFCON: Egypt, Morocco Set Up Final Clash, Book Olympic Slots

Wontumi1SportsEGYPT, Morocco, U-23 AFCON

Egypt will face Morocco in the final of the 2023 U-23 Africa Cup of Nations (AFCON) following victories on Tuesday night. Egypt, who won the last edition of the U-23 AFCON, booked their place in the final of the competition with a 1-0 win over Guinea. The Young Pharaohs kept alive their hopes of defending the title and also earned their place in next year’s Olympic Games in Paris thanks to the victory in Tangiers. Mohamed Shehata Mahmoud’s brilliant first-half strike was the difference between the two sides in the cagey contest. In the other semifinal game, the host, Morocco…

Another Sad Day In Egypt!!!: Building Collapses In Cairo Killing 5, Injuring 24

Jackson Odom KpakpoNewsEGYPT

Another Sad Day In Egypt!!!: Building Collapses In Cairo Killing 5, Injuring 24 A nine-storey apartment building collapsed in the Egyptian capital early Saturday, killing at least five people and injuring about two dozen others, an official said. Rescue workers were searching for any survivors trapped under the rubble of the building in the el-Salam neighbourhood, said Khalid Abdel-Al, the administrative head of the Cairo governorate. At least 24 others were injured and taken to hospitals, he said in a statement. Police cordoned off the area, keeping back the curious and people apparently looking for relatives in the building. Workers…