Egypt temporarily lists 6 state-owned firms on EGX under IPO programme
Egypt has temporarily listed six state-owned companies on the Egyptian Exchange (EGX), a move aimed at accelerating the government’s initial public offering (IPO) programme and increasing private sector participation in the economy. The listings include two subsidiaries of the Chemical
Egypt to add 2,500 MW of renewable energy in 2026
Egypt plans to add 2,500 megawatts of renewable energy capacity to its national grid in 2026, the presidency announced Tuesday, as part of efforts to strengthen electricity stability and reduce reliance on fossil fuels. The statement followed a meeting
Indorama to invest $525m in Egypt fertiliser plant targeting 80% exports
Indorama Egypt Fertilisers has signed a contract to establish a new phosphate fertiliser plant in the Suez Canal Economic Zone (SCZONE) with a first-phase investment of $525m, targeting 80% of its production for export. The agreement, witnessed by Prime Minister
Egypt, UNDP discuss expanding water climate adaptation projects
Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, said on Tuesday that Egypt is working with the United Nations Development Programme (UNDP) to expand climate adaptation projects in the water sector, with a focus on coastal protection and sustainable
AOI explores industrial, defence cooperation with DR Congo
Mokhtar Abdel Latif, Chairperson of the Arab Organization for Industrialization (AOI), held talks, on Tuesday, with Jules Banza Mwilambwe, Chief of Staff of the Armed Forces of the Democratic Republic of the Congo, to explore avenues for strengthening cooperation across
MSMEDA, Upper Egypt Development Authority partner to develop production clusters
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), held talks with Amr Abdel Moneim, CEO of the Upper Egypt Development Authority, to strengthen institutional cooperation and support economic development across Upper Egypt governorates. The discussions
Social Solidarity Minister reviews progress of Strategic Financial System for Economic Empowerment
Maya Morsy, Minister of Social Solidarity, held a meeting with the team overseeing the Strategic Financial System for Economic Empowerment at the Ministry, in the presence of Hala El-Said, Economic Adviser to the President, to review the programme’s progress. The
Egypt’s Lucky secures $23m Series B to drive credit expansion across North Africa
Lucky, Egypt’s fast-growing financial technology company, has raised $23m in a Series B round combining equity and debt, as it accelerates its expansion into North Africa’s consumer credit market. The round drew support from Disruptech Ventures and DPI Venture Capital
Egypt’s Safaga 2 terminal receives giant cranes as logistics hub project nears completion
Egypt has received three giant quay cranes and six yard cranes at the Safaga 2 multipurpose terminal, Transport Minister Kamel al-Wazir announced on Tuesday. The delivery of the “super post-panamax” cranes, manufactured by China’s Shanghai Zhenhua Heavy Industries (ZPMC), marks
PM Madbouly reviews UPA finances, prioritises settlement of supplier dues
Egypt’s Prime Minister Mostafa Madbouly held a meeting on Tuesday to review the financial position of the Egyptian Authority for Unified Procurement, Medical Supply and Technology Management (UPA), alongside progress in settling outstanding dues to supplier companies. Madbouly reaffirmed the