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HE Sheikh Shakhboot bin Nahyan affirmed the wise leadership’s keenness to enhance bilateral relations and collaboration, to serve the mutual interests of both countries and their peoples

On behalf of His Highness Sheikh Mohamed bin Zayed Al Nahyan, UAE President, His Excellency Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, attended the inauguration ceremony of His Excellency Felix Tshisekedi as the President of the Democratic Republic of the Congo, after his re-election for a second term. The inauguration ceremony was held in the capital, Kinshasa.  

HE Sheikh Shakhboot bin Nahyan conveyed the greetings of His Highness Sheikh Mohamed bin Zayed Al Nahyan, UAE President, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister of the UAE, and Chairman of the Presidential Court, to HE President Tshisekedi, as well as their wishes for further development and prosperity for the government and people of the Congo.

HE Sheikh Shakhboot bin Nahyan also affirmed the wise leadership’s keenness to enhance bilateral relations and collaboration, to serve the mutual interests of both countries and their peoples. HE President Tshisekedi also commended the deep-rooted ties that bind the two nations and the UAE’s continuous endeavours to strengthen bilateral relations

For his part, HE President Tshisekedi conveyed his greetings to His Highness Sheikh Mohamed bin Zayed Al Nahyan, UAE President, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, and expressed his wishes for further growth and prosperity for the government and people of the UAE.

HE President Tshisekedi also commended the deep-rooted ties that bind the two nations and the UAE’s continuous endeavors to strengthen bilateral relations. 

HE Sheikh Shakhboot’s participation at the inauguration ceremony reflects the UAE’s unwavering commitment to strengthening cooperation across all sectors with African partners, and is testament to the ongoing efforts towards stability and prosperity in the region.

Distributed by APO Group on behalf of United Arab Emirates Ministry of Foreign Affairs & International Cooperation.

National Bank of Egypt branch. Ahram Gate. 

El-Said further revealed that the NBE garnered capital gains of EGP 800 million from these transactions over the last year.

Exit deals occur when banks begin to withdraw their investments from companies after attaining the desired level of profitability. 

Regarding the bank's investment activities, El-Said disclosed that NBE's direct investment portfolio had reached EGP 34 billion, encompassing 138 companies as of November 2023.

He added in statements to the press that the bank's indirect investments amounted to EGP 7 billion, distributed among 30 companies operating in diverse sectors.

El-Said attributed the bank's divestment from ventures to an ongoing administrative and financial restructuring process.

He emphasized NBE's strategic objective of revitalizing its investment portfolio by reinvesting returns and proceeds into new ventures, including financial leasing, real estate financing, and investment banks.

“NBE is currently engaged in discussions with several non-banking financial institutions to establish a digital bank in compliance with the regulations for launching digital banks stipulated by the Central Bank of Egypt (CBE),” El-Said noted.

He underscored NBE's commitment to investing in sectors that serve the national interest, such as financial technology, green economy, renewable energy, and industrial and productive sectors.

El-Said further affirmed the bank's dedication to supporting Egypt's overarching plan to augment its US dollar earnings by boosting exports and minimizing dependency on imports.

He also highlighted NBE's intensified exploration of promising opportunities in various sectors, particularly technology, through comprehensive studies.

“NBE boasts a diverse portfolio of investments in digital technology companies, including Fawry Company for banking technology and electronic payments, e-Finance for financial and digital investments, and Aman Holding for non-banking financial services and electronic payments technology,” El-Said disclosed.

Earlier this month, NBE and Banque Misr issued new certificates of deposits (CDs) with annual yields of 23.5 percent and 27 percent, respectively, and a minimum purchase value of EGP 1,000 and incremental options for each CD.

The two banks are projected to collect over EGP 500 billion in proceeds by the end of the insurance period, expected to conclude in February. ahram Online

Kampala, January 20, 2024 (LANA) - The Personal Envoy of the United Nations Secretary-General to Sudan, Ramtane Lamamra, affirmed that only the Sudanese are capable of stopping the fighting, stressing the need for the international community to unite its efforts to support them in order to achieve this noble goal.

   Lamamra called on the leaders of the conflicting parties to take immediate action and strong steps to end this suffering, through the diligent implementation of the cessation of hostilities agreement, which could lead to lasting peace in the country.

   “Many Sudanese have confirmed their desire to hand over power to a civilian government that will rule the country during a temporary transitional period pending elections,” Lamamra said during a speech he delivered at the extraordinary IGAD summit in Uganda regarding Sudan, explaining that he visited the region last week and met with many Sudanese who expressed the need to end the fighting, including the warring parties themselves. =Lana=

The Kenyan Section of the International Commission of Jurists (ICJ Kenya) has warned the judiciary against engaging in dialogue with the Executive saying such talks could inhibit judicial independence.

In a statement issued Saturday, ICJ Kenya Chairperson Protas Saende stated that the Judiciary must maintain its independence, especially on issues touching on the administration of justice.

He urged the Judiciary to shun participation in discussions that risk compromising its autonomy in delivering justice.

Saende said sufficient mechanisms exist in the Constitution which empowers the Judicial Service Commission (JSC) to handle complaints against the judicial officers.

“Any concerns or complaints from the Executive should be duly registered with the JSC rather than aired in public rallies, casting aspersions on the Judiciary as a whole,” he said.

The lobby stated that recent claims by Deputy President Rigathi Gachagua against Justice Esther Maina, followed by a retraction without presenting evidence, raise concerns about the Executive’s intentions.

ICJ noted that the damage caused to the judge’s reputation as a result of the Gachagua’s attacks is significant and shows a lack of commitment to a fair and unbiased discourse.

“Considering the above, we are adamant that the invitation by the Executive may not be in good faith,” the ICJ Chairperson said.

Dropped petition

Gachagua Thursday announced that he had dropped his planned petition against Justice Maina ‘for now’ after making corruption claims against her.

In a statement from his office, the DP welcomed dialogue on accountability talks between President William Ruto and Chief Justice Martha Koome.

“The Deputy President notes the current national discourse on judicial transparency and application of Article 10 of the Constitution of Kenya on the conduct of Judges and other Judicial Officers,” Njeri Rugene, his press aide, stated.

“In this regard, the Deputy President will not proceed with the matter of the petition, for now,” Rugene announced.

Gachagua’s change of tact came even as the Chief Justice indicated that she had reached out for audience with President Ruto to establish his concerns.

Koome said the Judiciary would invite Ruto to share any confidential information he holds on any judge involved in corruption even as she emphasised the need for aggrieved parties to engage through formal channels under the JSC.

Ruto launched an aggressive campaign against a section of judges in the aftermath of the November 28, 2023, Constitutional Court decision that declared the Housing Levy unconstitutionalBy Felix Okara, Capital News

A fire incident has ravaged 19 shops containing 1,900 bags of assorted grains in Gombi, headquarters of Gombi Local Government Area of Adamawa State.

The incident occurred at a major grain market in the town, which lies in the northern part of the state.

The Secretary of Gombi Market Union, Mallam Umar Nyalli, said Saturday that the fire which spread to cause havoc was ignited by an unknown smoker who threw a burning stick of cigarette at a heap of waste materials close to the shops. 

Nyalli said the businesses of owners of the affected shops had now been paralysed.

“We lost bags of maize, groundnuts, guinea corn, sesame seeds, beans and tamarin fruits to the inferno,” Nyali said, calling on the government at all levels to intervene.

The state Deputy Governor, Professor Kaletapwa George Farauta, has commiserated with the traders whose goods were destroyed.

During a visit to the place Saturday afternoon, she described the incident as a collosal loss to the shop owners and great damage to the entire state in terms of revenue drive.

DAILY POST reports that the fire incident in Gombi comes only about two weeks after a wildfire outside the premises of the Federal College of Education in the state capital, Yola.

The Yola incident destroyed 10 shops.  Jim Ochetenwu, Daily Post

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