نافذة مبيعات السيارات في الصين تنمو بـ 19% في يونيو
الثلاثاء 8 يوليو 2025 02:00 مساءً
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المصدر : نافذة مبيعات السيارات في الصين تنمو بـ 19% في يونيو
الكلمات الدلائليه أخبار العالم العرب أخبار عربية أخبار محلية العرب اليوم نافذة على العالم
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Al-Ahram Weekly
42 minutes ago
- Al-Ahram Weekly
‘The Africa we want is not just a dream' - Egypt - Al-Ahram Weekly
Egypt's Foreign Minister Badr Abdelatty last week toured six African countries, namely Chad, Nigeria, Niger, Mali, Burkina Faso, and Senegal, on a trip that saw important discussions with the local authorities on the part of the Egyptian business delegation that accompanied him. According to Ramadan Kurani, an expert in African affairs, this was a strategic trip for three main reasons. First, it defied allegations that Egypt's foreign policy is focused on certain regions in Africa, namely the Nile Basin, East Africa, and Southern Africa. Abdelatty's tour to West Africa, together with the visits of senior officials from Egypt and these countries during the past year, proved Egypt's willingness to boost its relations with all five regions of the continent, North Africa, West Africa, Central Africa, East Africa, and Southern Africa, he said. A second reason is the fact that West Africa is intertwined with the Sahel and Sahara, an area facing security challenges, given that both the Islamic State (IS) group and Al-Qaeda are actively present there. 'The stability of this area is directly linked to Egypt's national security,' Kurani said. Thirdly, the choice of countries included Nigeria, one of the most important economic and political powers in West Africa, Senegal, which has deep cultural and economic ties with the other West African countries, and the three Sahel states of Mali, Burkina Faso, and Niger, which are facing growing challenges in the fight against terrorism. Chad, along with Egypt, is working on establishing a road network that will link the two countries together with Libya. The two countries are cooperating on the economic and security levels to combat terrorism in the Sahel and Sahara. Egypt and Chad host the largest number of Sudanese refugees from the conflict in Sudan. Abdelatty delivered a written message from President Abdel-Fattah Al-Sisi to the heads of state he visited, reaffirming Egypt's close relations with each and with the continent as a whole. On the economic level, 30 business leaders and representatives of Egyptian companies accompanied Abdelatty on his tour. Kurani noted that this was new in Egypt's diplomacy with the African countries. He explained that while historical and cultural relations between Egypt and the African states are rich, this has not always been reflected in economic cooperation. 'The African states can benefit from cooperation with Egypt in infrastructure, energy, medicine, and education. This is win-win cooperation as the Egyptian economy would also benefit,' Kurani said. The African states, he added, have taken positive steps to attract foreign investors. The economic delegation that accompanied Abdelatty's tour had explored opportunities for Egyptian investors to enter the markets of these states, he said. He said that one of the factors that will make Egyptian investment welcome in these countries is the fact that Egypt does not have a history of occupation of any African state. 'The activation of economic diplomacy goes hand in hand with political diplomacy, which will benefit Egypt as well as the African states,' Kurani said. On the societal level, Kurani explained, the six countries included in the tour can be described as Western Islamic states or part of the Western Islamic belt of Africa. Egypt's cultural relations with these countries are strong and boosting these and enhancing Egypt's soft power there is important, he said. The community of Egyptian expats, businesses, and Al-Azhar scholars can play an influential role in enhancing ties. 'When the Arab Contractors Company, for instance, initiates a project in an African state, it usually establishes a health centre, a mosque, or an education centre as well. After completing the project, they leave these establishments as a gift to the state,' he said. Egypt's investment in these countries amounts to $2 billion, 'but our soft power also guarantees an effective Egyptian presence in these countries,' Kurani noted. The Egyptian Agency of Partnership for Development (EAPD) is very active in most of these countries. It supports Africa's developmental aspirations through capacity-building assistance, the transfer of knowledge, skills, and expertise, and the promotion of the creative industries. Meanwhile, Kurani said that Egypt will no longer be deceived by statements on the Grand Ethiopian Renaissance Dam (GERD) being built on the Upper Nile by Ethiopia. 'Today, the GERD is complete. The main issue now is not the dam itself, but the technicalities of its future operation,' he said. If Ethiopia wants a genuine solution to differences on the dam, it must have the political will to enter negotiations. There should also be legally binding regulations for all the involved parties. US President Donald Trump's statements last week aimed to affect Egypt's position on other important issues, namely Gaza and the displacement of the Palestinians, a move which Egypt has repeatedly and categorically rejected. His statements aimed at either acknowledging the righteousness of Egypt's stand on the GERD, Kurani said, or were an attempt to convince the world that he deserves a Nobel Prize. He added that Ethiopian Prime Minister Abiy Ahmed had been provocative when he invited both Egypt and Sudan to the inauguration of the GERD in September. 'The inauguration is part of a political propaganda campaign by the Prosperity Party, Ahmed's ruling party, that uses the dam as a political project to distract attention from internal and border problems.' However, Kurani expressed optimism that the restart of the negotiations may bear fruit, noting that the present negotiating environment is different from that of 2019-2020. The internal problems Ethiopia faces today, together with recent developments in Sudan, may pave the way for better outcomes, he said. 'I am not saying that we will easily get concessions from Ethiopia, but the current environment will help maintain Egypt's water security. The positive point is that Ethiopia or any other African state will think twice before causing any harm to Egypt's water security,' he said. Regarding Egypt's role in promoting the Agenda 2063 aimed at achieving an integrated, prosperous, and peaceful Africa driven by its citizens, Kurani noted that Egypt has, since 2014, worked to boost its diplomacy across Africa. Studies show that 30 per cent of President Al-Sisi's external tours have been to African states. During Al-Sisi's address to the African Union's (AU) Seventh Mid-Year Coordination Meeting held in Malabo, Equatorial Guinea, earlier this month, he called on all African countries to work collectively to overcome challenges, stating that 'the Africa we want is not a dream but a near reality.' 'Such a slogan is very important for political, cultural, and strategic détente among the African states,' Kurani said. Agenda 2063 has various targets, mainly the integration and development of the continent. With that in mind, Egypt is working on multiple areas, including improving infrastructure across the African states and establishing a free-trade zone. It is advancing these goals through two important centres: the Cairo International Centre for Conflict Resolution, Peacekeeping, and Peacebuilding and the African Union Sahel and Sahara Counter-Terrorism Centre. These centres, together with the EAPD, play key roles in supporting development according to the Agenda 2063 framework. * A version of this article appears in print in the 6 August, 2025 edition of Al-Ahram Weekly Follow us on: Facebook Instagram Whatsapp Short link:
Daily News Egypt
2 hours ago
- Daily News Egypt
Ghana Moves to Regulate Cryptocurrency Amid Soaring Adoption
Ghana is preparing to introduce a legal framework to license and regulate cryptocurrency trading platforms, including those dealing in Bitcoin, as digital asset use grows rapidly across the country. The Bank of Ghana announced that the proposed legislation—set for rollout by September 2025—aims to bring structure to a sector that now sees an estimated $3 billion in annual transactions. The framework will set clear requirements for licensing, consumer protection, fraud prevention, and secure storage of digital assets. The move reflects a broader trend across West and Central Africa, where several governments are grappling with how to integrate decentralized finance into formal financial systems without stifling innovation. Digital Finance in a Transforming Economy Ghana has become one of Africa's most dynamic fintech markets, with high mobile penetration and a tech-savvy youth population embracing digital financial tools to navigate economic pressures, including inflation and remittance costs. Analysts say regulating cryptocurrencies could help channel this growth into formal economic pathways, offering new opportunities in fintech employment, innovation, and foreign investment. The framework will also include anti-money laundering measures and public education campaigns to raise investor awareness. 'This marks a significant shift in how West African nations are rethinking their approach to financial inclusion and tech-driven development,' said Kojo Biney, a digital finance researcher based in Accra. Ghana's Position in a Changing Regional Landscape The upcoming regulation places Ghana alongside other African nations experimenting with regulatory approaches to crypto—such as Nigeria, Kenya, and South Africa—where both the risks and potential of digital currencies have drawn increasing attention from central banks and governments. By formalizing the sector, Ghana aims to not only reduce illegal financial activities but also build public trust and attract global blockchain players seeking a stable African base. A Balancing Act Ghana's central bank is looking to strike a balance between oversight and innovation, ensuring that crypto development supports national economic goals without exposing users to unregulated risk. If successful, the model could provide a regulatory template for other African economies facing similar challenges. The framework may also encourage greater integration of digital assets with traditional banking, potentially expanding access to credit, savings tools, and secure payment systems for underbanked communities. As the September deadline approaches, fintech stakeholders, regional policymakers, and global investors will be watching Ghana closely—viewing its regulatory ambitions as a key step in shaping Africa's digital finance future.
Daily News Egypt
2 hours ago
- Daily News Egypt
Addis Ababa Residents Voice Anger Over Soaring Electricity Bills
A growing number of residents in Ethiopia's capital are expressing outrage over a sharp rise in electricity costs, which many say is straining their already tight household budgets. Social media has been flooded with complaints, prompting calls for immediate explanations from Ethiopian electric utility providers. Residents across various neighborhoods in Addis Ababa report that recent prepaid electricity top-ups are no longer lasting as long as they did just months ago. In interviews with local outlets, several citizens described being shocked by the rate at which their prepaid balances are depleting — without a clear reason or official explanation. 'I used to recharge 1,000 birr and it would last the whole month,' said Martha, a mother of two. 'Now, 800 birr barely gets me through a week. I don't know what changed, but I'm struggling to keep up.' Another resident, Markos, recounted a frustrating experience after he recharged his meter card with 1,500 birr. 'When I tapped the card, the balance only showed 1,200 birr. I went back to the branch to ask, and they had no answers for me,' he said. For lower-income families, the price jump is hitting especially hard. One woman, who asked to remain anonymous, said her household of four is now paying more than double the electricity costs they did earlier this year. 'We're already stretched thin trying to cover rent and groceries,' she said. 'Now electricity has become another unaffordable burden.' Efforts by local media to obtain clarification from the Ethiopian Electric Utility (EEU) and Ethiopian Electric Power (EEP) have so far yielded little information. A representative at a branch office told reporters the issue was 'beyond their scope of authority,' while repeated calls to the headquarters went unanswered. While frustration grows in urban centers, nearly half of Ethiopia's population—particularly in rural areas—still lacks reliable access to electricity altogether. Many had pinned hopes on the Grand Ethiopian Renaissance Dam (GERD), which is projected to more than double the country's current power generation capacity to over 6,000 megawatts. The GERD, Africa's largest hydroelectric project, was partially inaugurated in September and is expected to provide a long-term solution to the country's chronic energy shortages. Officials have touted the project as a potential catalyst for affordable, widespread electrification across the country. However, experts caution that GERD's completion alone may not immediately translate into lower electricity prices for average citizens. Infrastructure bottlenecks, economic inflation, and regulatory inefficiencies may continue to influence energy costs, even as overall power output increases. For now, residents in Addis Ababa say they are left in the dark — both literally and figuratively — as their utility bills soar without clarity or accountability. Many are calling on the government and electricity providers to issue a public explanation and introduce transparent pricing mechanisms to ease the burden on everyday consumers.
