Bureau Chief, Egypt & Sudan
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Jul 25, 2013

How the Muslim Brotherhood lost Egypt

CAIRO (Reuters) – When Egyptians poured onto the streets in their millions to demand the fall of President Hosni Mubarak in 2011, few thought they would return two years later demonstrating for the overthrow of the man they elected to replace him.

The stunning fall from power of President Mohamed Mursi, and the Muslim Brotherhood which backed him, has upended politics in the volatile Middle East for a second time after the Arab Spring uprisings toppled veteran autocrats.

Jul 25, 2013

Special Report: How the Muslim Brotherhood lost Egypt

CAIRO (Reuters) – When Egyptians poured onto the streets in their millions to demand the fall of President Hosni Mubarak in 2011, few thought they would return two years later demonstrating for the overthrow of the man they elected to replace him.

The stunning fall from power of President Mohamed Mursi, and the Muslim Brotherhood which backed him, has upended politics in the volatile Middle East for a second time after the Arab Spring uprisings toppled veteran autocrats.

Jul 18, 2013

Exclusive: Egypt’s Brotherhood proposes first crisis talks via EU envoy

CAIRO (Reuters) – The Muslim Brotherhood said on Thursday it had proposed through an EU go-between a framework for talks to resolve Egypt’s political crisis, its first formal announcement of an offer for negotiations since President Mohamed Mursi was toppled.

Brotherhood official Gehad el-Haddad, who represented the movement in previous EU-facilitated talks, told Reuters the proposal had been made to envoy Bernardino Leon before a visit on Wednesday by EU foreign affairs chief Catherine Ashton.

Jul 15, 2013

Interview: Egypt billionaire Sawiris family to invest “like never before”

CAIRO (Reuters) – Egyptian tycoon Naguib Sawiris, whose family controls the sprawling Orascom corporate empire, says he and his brothers will be “investing in Egypt like never before” after the ousting of a president he accused of bullying opponents to his rule.

Sawiris, a prominent Christian who backed a campaign against President Mohamed Mursi, told Reuters the Islamist leader’s government had sought to co-opt executives or, as in his case because he was in opposition, hit his family businesses with exceptional taxes.

Jul 15, 2013

Egypt billionaire Sawiris family to invest “like never before”

CAIRO (Reuters) – Egyptian tycoon Naguib Sawiris, whose family controls the sprawling Orascom corporate empire, says he and his brothers will be “investing in Egypt like never before” after the ousting of a president he accused of bullying opponents to his rule.

Sawiris, a prominent Christian who was an outspoken critic of President Mohamed Mursi, told Reuters the Islamist leader’s government had sought to co-opt executives or, as in his case because he was in opposition, hit his family businesses with exceptional taxes.

Jul 2, 2013

Somali central bank governor denies U.N. charges over funds

NAIROBI (Reuters) – The governor of the Central Bank of Somalia denied on Tuesday allegations in a U.N. report linking him to irregularities regarding millions of dollars withdrawn from the bank, saying the charges were malicious and baseless.

Somalia, under a Western-backed government that took office last year, is trying to rebuild after 20 years of war in which the nation was carved up into fiefdoms by warlords and then ruled by Islamist militants. Its public institutions remain feeble.

Jun 24, 2013

IMF help puts Somalia on road to debt relief -c.bank governor

NAIROBI, June 24 (Reuters) – The International Monetary Fund
will offer Somalia technical support and advice, a first step in
efforts to secure debt relief for the country emerging from two
decades of civil conflict, the central bank governor said on
Monday.

The IMF officially recognised the Somali government in
April, ending a 22-year hiatus during which the African nation
was mired in grinding poverty, militancy and maritime piracy,
without a functioning central government.

Jun 17, 2013

Warburg Pincus to back new African oil and gas explorer

NAIROBI, June 17 (Reuters) – Private equity company Warburg
Pincus is leading an investment of up to $600 million in
Delonex Energy, a newly formed oil and gas exploration and
production company planning to tap into the central and east
African hydrocarbon boom.

The region has become hot property for energy investors
after gas discoveries in Mozambique and Tanzania, and other
hydrocarbon finds in Uganda and Kenya. However, progress towards
production, notably in Uganda, has taken years.

May 17, 2013

Central bank chief turns recovery skills on Somalia

NAIROBI, May 17 (Reuters) – When Washington D.C. was in
financial crisis in the 1990s, Somali-born Abdusalam Omer joined
a team that turned its “junk” bonds into investment grade paper.
Now, as governor of the Central Bank of Somalia, he wants to
transform a “failed” state.

There is no escaping the scale of his new assignment. His
office in Mogadishu is surrounded by the bombed out shells of
former banks, symbols of Somalia’s shattered economy and its
broken financial system after two decades of conflict.

May 8, 2013

Somali banker sees hope in business order after chaos

NAIROBI, May 8 (Reuters) – Somalia’s government must lure
more investors to drive the private economy because business
owners have an interest in cementing fragile security gains, the
chief executive of Somalia’s biggest financial firm said.

Abdirashid Duale’s company, Dahabshiil – which with a
handful of others has survived the anarchy of the past two
decades – exemplifies a strong entrepreneurial spirit, he says.

    • About Edmund

      "Responsible for Reuters coverage from Egypt and Sudan, and overseeing operations of the Cairo-based Reuters Arabic language service. Previously was Bureau Chief, Iran. Have worked throughout the Middle East for most of the past 15 years, including covering the Iraq war and Palestinian-Israeli conflict. Have also covered financial and energy affairs, holding positions that inlude equities reporter in London."
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