EBRD invests $40m in Infinity to accelerate renewable energy growth across Africa
The European Bank for Reconstruction and Development (EBRD) has announced an additional $40m equity investment in its longstanding partner Infinity, Egypt’s leading renewable energy developer. The move raises the Bank’s total equity commitment to $141.5m, up from $101.5m. The fresh
United Brothers for Engineering Industries targets 30% export share in 2026
United Brothers for Engineering Industries, the parent company of Siltal, has unveiled its sales and marketing strategy for 2026, aiming to boost sales volumes and expand its presence in new international markets. Chairperson and Managing Director Hatem Raslan said the
Cairo 3A to invest $150m over three years to boost production capacity
Cairo 3A, a vertically integrated agri-commodity group active in trading, manufacturing, and food processing, announced plans to invest $150m over the next three years as part of an ambitious expansion strategy to enhance its industrial production capacity. Alaa El Gamil,
Second package of tax facilitation measures to be launched this November: Finance Minister
Minister of Finance Ahmed Kouchouk announced that the government will launch the second package of tax facilitation measures in November 2025, building on progress achieved in strengthening the “partnership and certainty” framework with investors. He noted that the government implemented
Standard Bank to launch representative office in Egypt on 12 November
Standard Bank Group, Africa’s largest financial institution by assets, announced that it will officially launch its Representative Office in Egypt on 12 November 2025, marking a significant milestone in the Group’s strategy to deepen its engagement across North Africa and
Egypt’s Banque Misr expands into East Africa with new Djibouti subsidiary
Banque Misr has officially inaugurated Banque Misr Djibouti, marking its first Egyptian state-owned banking subsidiary in East Africa. The inauguration ceremony was attended by Hisham Okasha, Chairperson and CEO of Banque Misr; Abdoulkader Kamil Mohamed, Prime Minister of Djibouti; Abdelrahman
Egypt launches new cancer pharmaceuticals sector to boost drug industry localization
Egypt’s Health Minister Khaled Abdel Ghaffar announced on Tuesday the launch of the new Eva Pharma Oncology and Hematology Division, marking a significant milestone in the country’s efforts to localize advanced pharmaceutical manufacturing and enhance national health security. Speaking at
Saudi Egyptian Developers signs EGP 12bn contract with CCC for ‘Central’ project in New Cairo
Saudi Egyptian Developers has signed a contract with Consolidated Contractors Company (CCC) to execute its latest mixed-use development, Central, in New Cairo, with total investments exceeding EGP 12bn. Under the agreement, CCC will oversee the full scope of construction and
Egypt’s Al-Sisi, DR Congo’s Tshisekedi discuss peace efforts, Nile cooperation
Egyptian President Abdel Fattah al-Sisi met with his counterpart from the Democratic Republic of Congo, Félix Tshisekedi, on Tuesday to discuss bilateral relations, regional peace efforts, and cooperation among Nile Basin countries. Tshisekedi is in Cairo to attend the opening
Egypt brokers African consensus on AfCFTA rules of origin after four years of talks
Egypt, in its capacity as Chair of the African Continental Free Trade Area (AfCFTA) Ministerial Council of Trade Ministers, has secured consensus among member states on the long-pending rules of origin for the textile, apparel, and automotive sectors. The breakthrough,