Rooftop farming transforms once-impoverished Egyptian village into thriving oasis
Xinhua – Once a struggling village, Nagaa Aoun in Egypt’s Beheira Governorate, north of Cairo, has undergone a significant transformation. Through innovative rooftop farming, the community has become self-sufficient in vegetables and enjoys a steady income. Leading this effort is
Kenyan farmers combat climate change with beans, bees, and fruit trees
In Kenya’s Bomet and Homabay Counties, smallholder bean farmers are adopting innovative and sustainable agricultural techniques to bolster resilience and increase production in the face of climate change. By integrating beneficial insects such as bees and diversifying their farms with
Islamic banking in Egypt increases to EGP 1.14trn in 2024
The Islamic banking sector in Egypt reached EGP 1.14trn in 2024, representing approximately 5% of the total banking market, according to Mohamed El-Beltagy, Chairperson of the Egyptian Islamic Finance Association (EIFA). This marks an increase of EGP 412bn compared to
Valero Developments targets EGP 3.2bn in investments for Q2
Ahmed Abdel Salam, CEO of Valero Developments, has announced that the company targets to expand its investment portfolio to EGP 3.2bn in the second quarter (Q2) of the year. Valero Developments currently owns three projects in Obour City, catering to
Egypt, Italy strengthen transport cooperation with strategic talks
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel El-Wazir, held a virtual meeting with Italy’s Deputy Prime Minister and Minister of Transport and Infrastructure, Matteo Salvini, to discuss expanding cooperation across various transport sectors.
Egypt’s Deputy PM calls for expansion of road, transport projects abroad
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, chaired the General Assembly meeting of the Holding Company for Road, Bridge, and Land Transport Projects, where the financial statements for the fiscal year 2023/2024 were
Finance Ministry to issue EGP 730bn in T-bills, bonds in March
The Ministry of Finance has unveiled its plan to issue 32 treasury bill (T-bill) and bond auctions in March, totaling EGP 730bn. This includes 16 treasury bill auctions worth EGP 640bn and 16 bond auctions amounting to EGP 90bn. The
Reefy Microfinance pumps EGP 4bn into Egypt’s economy in 2024
Reefy Microfinance Enterprise Services has injected EGP 4bn in financing during 2024, pushing the company’s total funding since its establishment in 2007 beyond EGP 20bn. Notably, the past year alone accounted for 20% of the total financing provided throughout the
Daikin expands presence in Egypt with new headquarters
Daikin, a global leader in high-quality air conditioning, heating, ventilation, and refrigeration (HVAC-R) solutions for residential, commercial, and industrial applications, has officially inaugurated its new headquarters in New Cairo City, Egypt. Strategically located in Marakez District 5, the upgraded facility
Egypt’s digital health strategy: Pillar for health justice, sustainable development
Khaled Abdel Ghaffar, Deputy Prime Minister and Minister of Health and Population, emphasized the critical role of digital health strategy in achieving health justice and ensuring timely access to healthcare for vulnerable groups. He highlighted that digital transformation in healthcare