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Egypt
Afreximbank inks $32m move to Cairo's New Administrative Capital

Reading time 2 min
Benedict Okey Oramah, President of Afreximbank, on 14 December 2022, in Washington, DC, USA.
Benedict Okey Oramah, President of Afreximbank, on 14 December 2022, in Washington, DC, USA. © Tasos Katopodis/Getty via AFP

The Cairo-based African Export-Import Bank is to move to President Sisi's new capital megaproject to the east, with Egyptian authorities pushing other international organisations to follow.

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In Focus | Egypt
Sisi's generals enjoy suite success from their moneymaking luxury hotels

With the Egyptian economy in crisis and the military apparatus tightening its grip, the country's generals are staking their claims on the lucrative high-end hotel sector. From building lavish establishments to signing international partnerships, the top brass fancy themselves as luxury and business tourism tycoons - and there appears little to stop them continuing.

LogoSubscribers only Politics, Business 10.04.2023
Colonel Walid Sami Salama (left), General Sherif Salah el-Dine (center) and General Mohamed Amin (right).

Headlines

Birhanu Jula (speaking into the microphone), marshal of the Ethiopian National Defense Force and chief of staff, in Addis Ababa on 26 October 2023.
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Rodolphe Saadé, CEO of the CMA CGM Group, in Nairobi, Kenya, on 10 May 2026.
Senegal Macky Sall rallies support in Asia as UN bid gathers pace
Macky Sall, then president of Senegal, and his Chinese counterpart, Xi Jinping, in Johannesburg, South Africa, on 23 August 2023.
Algeria Air force moves to refresh training fleet Equatorial Guinea New Paris ambassador's arrival delayed until September Burundi Ndayishimiye makes inroads in mining sector a year ahead of election
Burundian President Évariste Ndayishimiye during a visit to Yokohama, Japan, August 2025.
Libya, Niger Prisoner swaps and scores to settle between Niamey, Tripoli and Benghazi
The Nigerien prime minister, Ali Lamine Zeine, and his counterpart from the Libyan Government of National Unity, Abdelhamid Dabaiba, in Tripoli on 15 June 2026.
Ivory Coast Idriss Diallo steps up bid to remain at helm of football federation Madagascar Former Mamy Ravatomanga security firm breaks with France's Amarante International
Ivato International Airport in Antananarivo, Madagascar, June 2022.
West Africa German trader SET Select Energy seeks new outlets Africa Macron's African cultural centre gets permanent home in French capital Kenya Berlin's ex-ambassador chosen to represent EU in Nairobi

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Headlines

Birhanu Jula (speaking into the microphone), marshal of the Ethiopian National Defense Force and chief of staff, in Addis Ababa on 26 October 2023.
Spotlight | Ethiopia ZayRide co-founders' unsettling ties to army generals Algeria CMA CGM boss Rodolphe Saadé visits Algiers
Rodolphe Saadé, CEO of the CMA CGM Group, in Nairobi, Kenya, on 10 May 2026.
Senegal Macky Sall rallies support in Asia as UN bid gathers pace
Macky Sall, then president of Senegal, and his Chinese counterpart, Xi Jinping, in Johannesburg, South Africa, on 23 August 2023.
Algeria Air force moves to refresh training fleet Equatorial Guinea New Paris ambassador's arrival delayed until September Burundi Ndayishimiye makes inroads in mining sector a year ahead of election
Burundian President Évariste Ndayishimiye during a visit to Yokohama, Japan, August 2025.
Libya, Niger Prisoner swaps and scores to settle between Niamey, Tripoli and Benghazi
The Nigerien prime minister, Ali Lamine Zeine, and his counterpart from the Libyan Government of National Unity, Abdelhamid Dabaiba, in Tripoli on 15 June 2026.
Ivory Coast Idriss Diallo steps up bid to remain at helm of football federation Madagascar Former Mamy Ravatomanga security firm breaks with France's Amarante International
Ivato International Airport in Antananarivo, Madagascar, June 2022.
West Africa German trader SET Select Energy seeks new outlets Africa Macron's African cultural centre gets permanent home in French capital Kenya Berlin's ex-ambassador chosen to represent EU in Nairobi

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