Egypt interest rate cut first step in long journey

The German company said it has sealed the biggest order in its history to build the world's sixth-largest rail network. Tracks will connect cities along the Nile with the Red and Mediterranean seas.

With record-high temperatures in Northern Africa and food security worries from Egypt to Morocco, agrivoltaic projects in the region are getting more and more attention.

A cache of hundreds of ancient Egyptian coffins and bronze statuettes have gone on display in Egypt. The discoveries were made in the Saqqara archaeological site south of Cairo.

The YouTube Africa Day Concert 2022 seeks to bring Africans, the Diaspora, and people from across the world together to celebrate a continent that is home to more than 1.5 billion people and find new ways of artistic expression. This year’s concert features artists from Nigeria, Sierra Leone, Tanzania, South Africa, and Congo.

The world's most ignored displacement crises are in Africa, according to an annual ranking. It's the first time all 10 are on the African continent.

In Africa, where many countries outlaw homosexuality, LGBT people live in fear of attacks and imprisonment.

Germany is keen to ditch Russian oil and gas for good and find new sources of energy, while Africa has abundant fuel reserves. The German-Africa Energy Forum has helped delegates develop mutually beneficial partnerships.

March 17, 1992: This date will forever be remembered in South Africa as the day when whites voted to end the apartheid system that privileged them and oppressed others. The country has seen momentous change since then — but is still wracked by injustice and poverty.

Senegalese President Macky Sall, who is the current chair of the African Union, granted an interview to FRANCE 24 and RFI in Paris. He discussed his meeting with Russian leader Vladimir Putin last week in Sochi, which focused on the issue of grain supplies stuck in Ukrainian ports. Sall said he stressed to Putin that Africa is suffering from the war in Ukraine, as it already faces a shortage of grain and fertiliser. He warned of a possible "famine" on the continent if African farmers have insufficient fertiliser for their crops.

Egypt's Minister of International Cooperation, Rania A. Al-Mashat, granted an interview to FRANCE 24 in Ivory Coast's economic capital Abidjan. Although the war in Ukraine is threatening Egypt's food security, the minister believes that "pre-emptive action" undertaken by Cairo in the past few years will help "mitigate" the impact of a possible wheat shortage. Al-Mashat also called for the COP27 climate summit in the Egyptian resort of Sharm el-Sheikh in November to be one turning of "pledges" into "implementation".

"What a special moment," European Commission chief Ursula von der Leyen said after signing the gas memorandum. Europe is looking for alternate sources of energy since Russia’s invasion of Ukraine.

Tax revenues could make a vital contribution to the development of African countries. But the untapped informal sector, also known as the shadow economy, and inadequate collection of taxes stand in the way.