CIB-Egypt reinforces commitment to developing banking capabilities across Africa
Commercial International Bank – Egypt (CIB), the largest private-sector bank in Egypt, continues to play a leading role in advancing banking capabilities across the African continent, marking the graduation of the third cohort of the East Africa Banking Credit Programme.
African nations, Russia convene in Cairo to draft 2026-2029 strategic action plan
Foreign ministers from more than 50 African nations and Russia convened in Cairo on Saturday to begin drafting the 2026-2029 strategic action plan, a roadmap aimed at deepening continental cooperation ahead of the third Russia-Africa Summit. The second ministerial conference
Al-Sisi affirms support for Sudan’s sovereignty and calls for accountability over conflict crimes
President Abdel Fattah Al-Sisi on Thursday reaffirmed Egypt’s full support for the unity and sovereignty of Sudan, calling for an end to crimes committed against the Sudanese people and the accountability of those responsible. In an expanded meeting at the
African Development Fund secures record $11bn replenishment, marking pivot toward investment-led growth
The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has secured a record $11bn for its 17th replenishment (ADF-17)—the largest fundraising outcome in the Fund’s history—signalling a decisive shift toward investment-led development across the
GENNVAX launches largest regional vaccine manufacturing facility with $150m investment
Egypt has marked a major milestone in its biopharmaceutical development with the laying of the foundation stone for the GENNVAX vaccine manufacturing facility, which is set to become the largest fully integrated vaccine production complex in the Middle East and
Egypt’s Al-Mashat receives Global Leadership Award in Doha, highlights $97bn African FDI
Egyptian Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat received the Global Leadership Award from the Choiseul Institute on Tuesday, citing a surge in foreign direct investment as evidence of strengthening partnerships between Africa and the Gulf. Speaking
Egypt finalising tender documents for Hurghada airport management
Egypt is finalising the technical and regulatory studies required to offer the management and operation of Hurghada International Airport to the private sector, Civil Aviation Minister Sameh El-Hefny said on Monday. The announcement came following a meeting at the New
Egypt calls for inclusive Nile Basin dialogue, warns against ‘hostile rhetoric’
Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, stressed on Sunday that the challenges facing the Nile Basin cannot be resolved through unilateral measures. He called for renewed inclusivity and trust-building within the Nile Basin Initiative (NBI) as the
UN envoy calls for ‘Club of Debtors’ to tackle Africa’s financial crisis
Africa needs a coordinated “Club of Debtors” to negotiate fair restructuring terms and counter the inflated risk premiums that are strangling the continent’s development, a senior United Nations envoy said on Saturday. Speaking at the 1st Egyptian-African Economic Conference in
Next phase to see deeper African market integration, new financial instruments: EGX chair
Islam Azzam, Chairperson of the Egyptian Exchange (EGX), said the coming phase will witness deeper cooperation among African markets, alongside the introduction of new financial instruments and strengthened frameworks for transparency and disclosure. These steps, he noted, are expected to