Endeavor Egypt has launched XceleRise, a scale-up programme to aid access to capital and market expansion for startups that promote sustainability, in partnership with GIZ Egypt. The 15-month programme is specifically designed to equip ambitious entrepreneurs with the industry knowledge, market insights, and invaluable connections necessary to successfully scale their operations internationally and raise capital. XceleRise provides an opportunity for entrepreneurs to tap into Endeavor’s global network of mentors, investors, and top industry professionals. Highlighted sectors for the programme include green buildings, waste management, renewable energy, sustainable transport, and agriculture and water management. These sectors include fintech, ed-tech, and e-health, as well as companies in logistics and smart city sectors that promote fair supply chains and sustainable transformation of global supply chains.

Today, the Middle East and North Africa—nations with diverse political and economic landscapes—are at a crossroads. With economic leaders gathering soon in Marrakech, Morocco, for the IMF and World Bank Annual Meetings, this issue of Finance & Development explores how the Arab world can tap growth opportunities and rebuild its economic standing. “It’s time to rethink the engines of economic growth,” say the IMF’s Jihad Azour and Taline Koranchelian. Digital finance has great potential to drive financial inclusion and economic growth, says Atlantic Council’s Amjad Ahmad. And we profile Minouche Shafik, a leading economist whose career spans public policy and academia.

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CAIRO - Egypt's M2 money supply rose by 24.363% year-on-year in July, central bank data showed on Thursday. Money supply stood at 8.34 trillion Egyptian pounds ($270.34 billion) up from 6.70 trillion Egyptian pounds the same month last year. ($1 = 30.8500 Egyptian pounds)(Reporting by Enas Alashray and Yomna Ehab; Editing by Alison Williams)

People in the central African state of Gabon awaited a steer on their future on Thursday after rebel army officers brought the curtain down on 55 years of rule by the Bongo family. But they kept a 6:00pm-6:00am curfew “to maintain calm and serenity” and Gabon’s borders remained closed. In 2016 he was re-elected — again in fiercely disputed conditions — before suffering a stroke in 2018 that weakened his grip on power. Election triggerThe coup announcement came just moments after the national election authority declared Bongo had won a third term in Saturday’s election with 64.27 percent of the vote. A rigged vote could amount to a civilian “institutional coup,” he said.

The move follows a coup in the troubled Sahel state on July 26 that toppled a close French ally, President Mohamed Bazoum. French military spokesman Colonel Pierre Gaudilliere on Thursday warned that “the French military forces are ready to respond to any upturn in tension that could harm French diplomatic and military premises in Niger”. Coup alarmA landlocked former French colony in the heart of the Sahel, Niger routinely lags at the bottom of the UN’s benchmark of prosperity, the Human Development Index. Burkina Faso has approved a draft law authorising the dispatch of troops to Niger, according to a government statement in Ouagadougou on Thursday. The military rulers have so far spoken of a three-year handback period.

Tourism represents a major challenge to Caribbean policymakers in the face of a deepening environmental crisis. The sector is central to the economies of most island states, but it is also a source of environmental problems, especially because Caribbean tourism tends to rely on high volumes of visitors. Now that tourism has recovered, Caribbean nations should avoid going back to business as usual. The United States should be paying attention to this Caribbean dilemma. According to the IMF, the Caribbean attracts more than 1.26 million international tourists every year.

Algeria on Thursday blasted Switzerland for indicting its former defence minister on charges of committing crimes against humanity in the 1990s during the North African country’s civil war. On Thursday, Algeria’s Foreign Minister Ahmed Attaf said in a conversation with his Swiss counterpart Ignazio Cassis that the situation had “reached the limits of the inadmissible and intolerable”. The 1992-2002 civil war between government forces and Islamists in Algeria left up to 200,000 people dead. It erupted after the army suspended an electoral process when the Islamic Salvation Front won the first round of a parliamentary vote in 1991. It said Attaf hoped the case would not take relations between the two countries “down the path of the undesirable and the irreparable”.

American film director, producer, screenwriter and actor Martin Scorsese will take part in the 20th edition of the Marrakech International Film Festival due Nov.24 –Dec.02, 2023. For over four decades, Martin Scorsese has been one of the world’s most influential film artists. An ardent defender of cinema, the legendary director is a long-time supporter of the Marrakech International Film Festival, which he has attended on five occasions. I look forward to seeing old friends, and to making new ones.”The Atlas Workshops is an industry talent development program launched in 2018 by the Marrakech International Film Festival. Over its five editions to date, the Atlas Workshops has to date supported 111 projects and films, including 48 from Morocco.

A senior EPP official told EURACTIV that the trip was a personal initiative by Weber and that he was not accompanied by other EPP MEPs. Weber believes that the EU‘s neighbourhood policy in the South Mediterranean and North Africa has achieved little and needs an overhaul, EURACTIV understands. Pre-election positioningThe centre-right party is also seeking to position itself as being best placed to address irregular migration to Europe. “European citizens are concerned about migration and we want to differentiate ourselves from the far-right’s approach to this. However, Parliament officials say that there is a cross-party majority in favour of the agreement with Tunisia.

Egypt to issue $500M Samurai bonds: CabinetThe Egyptian Cabinet has approved several decisions, including the new issuance of five-year JPY-denominated bonds worth $500 million, a cabinet statement revealed. This marks the country’s second issuance of Samurai bonds after issuing JPY 60 billion ($500 million) Samurai bonds back in 2022. The cabinet also gave a nod to the Ministry of Communications and Information Technology to renew the agreement signed with the analytic data provider Teradata for one year with same terms. As per the agreement, Teradata will provide the Egyptian government low-cost data analysis services with predetermined prices. Moreover, the cabinet approved partnering with Telecom Egypt to provide the infrastructure of fiber-optic networks as part of the development works at Shaq El-Tho’ban area in Cairo to transform it into an international industrial city.

Most of the crew is fairly familiar with Afrobeats, whether culturally or environmentally, while American-born Chris was willingly “adopted” into the fold. “When we first got together three years ago, I noticed that African music was fast growing in popularity in the US. “We met in 2016 and performed with him at Prospect Park’s Celebrate Brooklyn [concerts].” As African artists strengthened their State-side following over the years, Kingsmen carved a spot for themselves as North America's go-to Afrobeats band. “At the end of the day, music is a feeling”, remarks band manager Dayo, “At least that’s the way I see it. This week, the band takes a stab at being the main act as they debut as Kingsmen & Friends.

With renewable energy expansion trending upwards, with interruptions, in North America for more than 20 years, North American electricity consumption is indeed increasingly decarbonized. Invest $9.5 billion through the “US Bipartisan Infrastructure Law”, of which $1.5 billion is directed to electrolysis projects and $8.5 billion is directed to the “Regional Clean Hydrogen Hubs program”. Offer a new clean hydrogen-specific Production Tax Credit (PTC) as part of the Inflation Reduction Act (IRA) with up to $3 per clean hydrogen kg tax incentive for projects with less than 0.45 kg CO 2 per kg of hydrogen. c. Offer $300 billion of new soft loans for hydrogen projects, including hydrogen production projects. Canada, matching some of the United States moves but being considerably more generous in CO 2 emissions allowed for tax-credited hydrogen production offers:a.

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Most military coups are ‘inside jobs’ and can be prevented only by improving the overall state of a country’s domestic and foreign affairs. Africa has seen more military coups than democratic elections in recent years, to the determinant of the continent’s stability, peace and development. In the preceding years, a number of North African nations like Egypt, Sudan and Libya also suffered from military coups, which reversed hard-earned political gains. In sum, there is no easy remedy to prevent coups and stop military officers from meddling in civilian affairs, considering the long accumulative history of military interventions in civilian government. And the opposite is also true: a better, healthier, more transparent, inclusive and democratic state of affairs is the only way to prevent putsches and chart more equitable relationships with foreign powers.