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- 1Egypt targets 5.2-5.4% growth next fiscal year▼ZAWYA: Egypt targets 5.2% to 5.4% economic growth next fiscal year, planning minister tells S&P
Egypt's planning minister has told S&P the government is targeting economic growth of 5.2% to 5.4% in the next fiscal year. The forecast, carried by Zawya, signals Cairo's confidence in accelerating expansion as it pursues economic reforms and seeks to reassure investors and rating agencies about the country's fiscal trajectory.
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Oman has drafted a national law aimed at regulating and developing its space economy, according to a report carried by Zawya. The legislation would establish a legal framework for space activities in the Gulf state as regional governments compete to attract investment in satellites, launch services and space technology. Details of the draft's provisions and its timeline for approval have not yet been made public.
- 3Orange commits $28 million to AI startups in Egypt●ZAWYA: Orange allocates over $28mln to support AI startups in Egypt
French telecoms group Orange has allocated more than $28 million to support artificial intelligence startups in Egypt, according to Zawya. The funding is aimed at boosting Egypt's growing tech ecosystem and encouraging AI entrepreneurship in the country. The announcement is drawing attention from regional business and technology observers tracking investment in North African startups.
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Oman's space sector has expanded by 136%, now comprising 26 companies, according to a Zawya report. The sharp growth points to a rapid build-up of the sultanate's space industry, in line with Gulf states' broader push to diversify their economies beyond oil and develop high-tech sectors, though details on specific companies or projects were not given.
- 5Nigeria central bank links weak farm infrastructure to financing gaps▼ZAWYA: Central Bank of Nigeria attributes weak agric infrastructure to difficulties of farmers in accessing finance
The Central Bank of Nigeria says weak agricultural infrastructure in the country stems from farmers' difficulties in accessing finance. Limited credit keeps smallholders from investing in irrigation, storage and other basic infrastructure, according to the bank's assessment. The statement comes amid ongoing concern over food security and low agricultural productivity in Nigeria.
- 6Experts explain Nigerian banks' reserve requirements▼ZAWYA: Experts weigh in on why banks must keep percentage of customers’ deposits with Central Bank of Nigeria
Nigerian banking experts are discussing why commercial banks must hold a percentage of customer deposits with the Central Bank of Nigeria. The reserve requirement is a core monetary policy tool, helping the central bank control liquidity, manage inflation and safeguard the banking system. Commentators are weighing the policy's impact on banks' lending capacity and the wider economy.
- 7Egypt works to turn higher education into an export▼ZAWYA: Egypt turns higher education Into an export
Egypt is promoting its universities and higher education services abroad, aiming to sell education to international students much like a commercial export. The move, reported by Zawya, points to a strategy of attracting regional students and foreign currency revenue through academic programmes. Observers are discussing what the policy could mean for Egypt's economy and its standing as a regional education hub.