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Beltone Financial forms joint-venture with Altree Capital

By Islam Serour Beltone Financial, a leading assets management company in Egypt, has formed a joint-venture company with the African asset management house Altree Capital, dubbed Altree Beltone Capital Ltd. Beltone Financial Holding, which reportedly ranked as the principal asset manager during the first half of 2012, is seeking to empower its position in the …

Daily News Egypt

Sudan cooperation a necessity

Khartoum (AFP) – Sudan and South Sudan have no choice but to work together in order to avoid “suicide”, former prime minister Sadiq al-Mahdi said on Tuesday. “It is a win-win formula or a lose-lose formula,” Mahdi, who leads a major opposition party, Umma, told a gathering organised by the South Sudanese embassy. Sudan and …

Daily News Egypt

Eight Ugandans survive army helicopter crash, two dead

Nairobi (AFP) – Eight Ugandan servicemen walked away from their helicopter after it crashed in Kenya en route to war-torn Somalia while two soldiers were confirmed dead in another crash, officials said Tuesday. Theirs were among three Russian-made Mi-24 combat helicopters that went down Sunday in a remote mountainous region of Kenya. One was found …

Daily News Egypt

Clinton urges South Africa to take leading role

Pretoria , South Africa  (AFP) — US Secretary of State Hillary Clinton on Tuesday called on South Africa, the continent’s leading democracy, to play a more influential role in African and global issues. “We are looking for ways to enhance and deepen our partnership. South Africa has so much to offer to the rest of …

Daily News Egypt

A Somalia transitional federal soldier stands guard during a visit of Somalia's President to Afgoye on July 30, 2012. The head of Somalia's corruption-riddled government said on July 23 he expects to be re-selected as president of the war-torn Horn of Africa nation when his current mandate expires next month. "I am a strong candidate and I am very confident that I will win," President Sharif Sheikh Ahmed told reporters last week. AFP PHOTO / Mohamed Abdiwahab

US citizen admits to supporting Somali terrorist group

  A US citizen arrested in 2010 has plead guilty to charges that he attempted to join the Al-Shabaab jihadist movement in Somalia and raised funds to support the group. Shaker Masri, a 28 year old Chicago resident, was arrested in 2010 just hours before leaving for Somalia where he planned on engaging in Jihad …

Nouran El-Behairy

Morsy’s Ramadan Speech, Africa and Sulieman’s death

Morsy’s Ramadan Speech, Africa and Sulieman’s death After President Morsy addressed the nation on the occasion of Ramadan and mentioned the importance of revisiting the ties with the African continent, many columnists across the Egyptian press have touched on his speech, while some have recalled the achievements of the 23 July 1952 revolution within the …

Daily News Egypt

Lighting the dark continent

By Adnan Amin, Achim Steiner, and Kandeh Yumkella NAIROBI: Nineteenth-century European explorers called Africa the “Dark Continent,” because to them it was vast and largely unknown. Today, Africa may still be dark, but for a very different reason: it is chronically short of electricity. Indeed, nocturnal satellite images show that, except for some parts of southern …

DNE

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