Egypt’s annual urban inflation slows to 25.5% in November 2024
Egypt’s annual urban inflation rate eased to 25.5% in November 2024, down from 26.5% in October, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The monthly inflation rate registered a modest 0.5%, driven by a 1.9% drop
Raya Holding secures $15m from Africa50 for Tier III data centre
Raya Holding for Financial Investments has announced a strategic $15m investment in its subsidiary, Raya Data Centre (RDC), from Africa50, a pan-African infrastructure investor and asset manager. This funding, paired with an additional $10m from Raya Information Technology, brings the
Egypt’s Prime Minister reviews economic entity restructuring efforts
Egyptian Prime Minister Mostafa Madbouly chaired a meeting Monday to assess the progress of the committee responsible for reforming and restructuring the nation’s economic entities. The meeting included Planning and International Cooperation Minister Rania Al-Mashat and Hussein Eissa, head of
Egypt to adopt new methodology for economic development planning
Egypt will implement a new methodology for preparing its economic and social development plan for the 2025-2026 fiscal year, Planning and International Cooperation Minister Rania Al-Mashat announced at the 6th Economic Conference organised by Hapi Journal. The new approach aims
Egyptian Education Minister meets Greek counterpart to discuss educational collaboration
Egypt’s Minister of Education and Technical Education, Mohamed Abdel-Latif, met on Monday with Greece’s Minister for Education, Religious Affairs, and Sport, Kyriakos Pierrakakis, and the Greek Ambassador to Egypt, Νikolaos Papageorgiou, to discuss potential collaboration in the development of pre-university
MSMEDA launches EGP 25M funding programme to support artisanal, heritage handicrafts
Basel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), has announced the launch of a new financing initiative, the Hirfa Microfinance Project, in collaboration with Aman. With a budget of EGP 25m, the programme is designed
Beltone Capital, CRIF forge joint venture to offer comprehensive rating solutions
Beltone Holding announced on Monday that its fully-owned subsidiary, Beltone Capital, has entered into a joint venture agreement with CRIF, a global leader in credit bureau services, business information systems, analytics, outsourcing, and digital solutions. This partnership aims to launch
Egypt explores collaboration with ECA to strengthen agricultural transformation, women’s empowerment
Alaa Farouk, Egypt’s Minister of Agriculture and Land Reclamation, met with a delegation from the United Nations Economic Commission for Africa (ECA) on Monday to discuss potential avenues for collaboration. The meeting, held in Cairo, took place during the ECA’s
Egypt begins development of Robbiki City to revolutionize leather industry
Egyptian Prime Minister Mostafa Madbouly concluded an inspection tour of the Robbiki Leather City on Monday, highlighting the project’s significance in reshaping Egypt’s leather industry. Initiated under the direct guidance of President Abdel Fattah Al-Sisi, the project marks a major
CBE hosts Mauritanian delegation to share Egypt’s best practices in financial literacy
In line with Egypt’s commitment to fostering stronger African cooperation across various sectors, the Central Bank of Egypt (CBE) hosted a delegation from the Financial Inclusion team at the Banque Centrale de Mauritanie (BCM). The visit aimed to facilitate peer