Pharco Pharmaceuticals plans EGP 1.5bn investments to expand production, exports
Pharco Pharmaceuticals is planning to invest around EGP 1.5bn next year, up from approximately EGP 1.15bn in 2025, as part of its strategy to expand production capacity and strengthen its presence in both domestic and export markets, according to Chairperson
Al-Sisi reaffirms Egypt’s support for African Development Bank
Egyptian President Abdel Fattah Al-Sisi reaffirmed Egypt’s full support for the African Development Bank Group (AfDB), stressing its crucial role in financing development and infrastructure projects across Africa amid growing economic and geopolitical challenges. In a statement, Egypt’s presidency said
Opella appoints Murali Rao as AMET Brand and Innovation Head
Healthcare company Opella has appointed Murali Rao as its Brand and Innovation Head for the Africa, Middle East and Turkey (AMET) zone, mandating him to steer the firm’s brand portfolio and innovation roadmap. Rao, who joined the company in 2024,
Egypt, Kenya deepen health, pharmaceutical cooperation to strengthen African health security
Egypt and Kenya have explored ways to expand cooperation in healthcare and the pharmaceutical industry, as Egyptian Health Minister Khaled Abdel Ghaffar took part in the Global Health Summit Nairobi. According to Egypt’s health ministry, Abdel Ghaffar led the country’s official
Vantage Capital invests $45m in MIDO, a leading Egypt-based speciality paints coatings manufacturer
Vantage Capital, Africa’s largest mezzanine debt fund manager, has provided $45m of mezzanine debt funding to the International Group for Modern Coatings (“MIDO”), a leading Egyptian manufacturer of speciality paints and coatings. This transaction marks Vantage Capital’s third investment in
Egypt pitches itself as gateway to Middle East, Africa for Finnish investors
Egyptian Prime Minister Mostafa Madbouly has pitched his country as a strategic gateway to the Middle East and Africa for Finnish investors, urging them to explore opportunities in priority sectors such as digital transformation, clean energy, and manufacturing. Speaking at
Egypt, Uganda deepen economic ties, Nile cooperation
Egypt’s Foreign Minister Badr Abdelatty has met with Uganda’s State Minister for Foreign Affairs Henry Okello on the sidelines of the Invest in Uganda Forum, organized in cooperation with the Ugandan Embassy and the Egyptian African Businessmen’s Association. Abdelatty praised
Pope Leo hits back at Trump criticism, condemns ‘neo-colonial’ powers as Africa tour begins
Pope Leo XIV declared on Monday that he is “not afraid of the Trump administration” and rebuked “neo-colonial” world powers, responding just hours after United States President Donald Trump launched a direct attack on the leader of the 1.4 billion-member
Egypt’s CIB named Africa’s best sustainable finance bank for 2025
Commercial International Bank (CIB) has been named the best bank for sustainable finance in Africa for 2025, an achievement recognised on Tuesday at a ceremony attended by Central Bank of Egypt (CBE) Governor Hassan Abdalla. The event, hosted by the
Egypt, Kenya deepen strategic cooperation on water security, investment, and regional stability
Egypt’s Foreign Minister Badr Abdelatty and Minister of Water Resources and Irrigation Hani Sewilam met Kenyan President William Ruto during an official visit to Kenya to advance strategic cooperation in water management, security, investment and regional stability, according to a