Jumia Technologies AG is expanding its footprint in Egypt via food online delivery, where there is a gap in the market following the exit of Uber Eats, Bloomberg reported.

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that the country’s annual urban inflation decreased to 4.3% in January 2021, compared to 5.4% in December 2020.

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) has decided to keep the overnight deposit rate, the overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25 percent, and 8.75 percent, respectively.

Africa attracted a total of USD 38 billion in foreign direct investment (FDI) in 2020, down 18% from 2019, according to recent data from the United Nations Conference on Trade and development (UNCTAD). In the rankings, Egypt maintains its leading position with a total inflow of $ 5.5 billion, down 38% year on year.