African nations urged to boost private investment in tertiary education at African Development Bank Meetings – Dailynewsegypt
At the African Development Bank’s 2024 Annual Meetings, experts urged African nations to intensify efforts to attract private sector investment in tertiary education to equip the continent’s youth with competitive skills. Former Tanzanian President Jakaya Kikwete, Board Chair of the Global Partnership
JumiaPay Egypt, Contact CrediTech expand partnership to enhance online shopping experience – Dailynewsegypt
Jumia, Egypt’s leading e-commerce platform, announced Wednesday an expansion of its strategic partnership with Contact CrediTech, the digital consumer finance arm of Contact Financial Holding. The collaboration aims to provide enhanced services and financial solutions to customers of both companies. This expanded partnership builds
Egypt quadruples subsidized bread price, first hike in 30 years – Dailynewsegypt
Egypt has increased the price of subsidized bread by 300%, the first such increase in over three decades, as the government moves towards a cash subsidy system. The cost of a subsidized loaf will rise to EGP 0.20 from up
CI Capital achieves record-breaking 1Q24 results: EGP 2.9bn revenues, EGP 939m in profits – Dailynewsegypt
CI Capital announced Tuesday its financial results for 1Q24. Revenues increased by 79% year-on-year, reaching approximately EGP 2.9bn, while net profit after tax and minority interest recorded an impressive EGP 939m—a remarkable 194% year-on-year increase. The Group’s total on-balance sheet
Finance Minister enhances Primary Dealers system to strengthen government securities market, alleviate debt service burden – Dailynewsegypt
Mohamed Maait, Egypt’s Finance Minister, recently issued a decision to enhance the “Primary Dealers” system for government debt instruments. These primary dealers play a crucial role as market makers in both the primary and secondary markets. The primary
Prime Minister inspects agricultural, industrial, and technological projects in Beheira, Alexandria – Dailynewsegypt
Prime Minister Mostafa Madbouly embarked on an inspection tour on Monday, aiming to advance various industrial and agricultural projects across the industrial zones of new cities and governorates. The goal is to overcome the challenges facing these projects. His tour
Gates Developments Partners with Imdaad Emirates for Comprehensive Facilities Management Services – Dailynewsegypt
Gates Developments has signed a management and operations agreement with “Imdaad Egypt,” the regional branch of the integrated facilities management group “Imdaad” from the UAE, a global company specializing in enhancing the operational efficiency of physical assets and integrated facilities
AMEDA to establish strategic data centre in Egypt for member states – Dailynewsegypt
Infrastructure, strategic location drive launch of vital centre in Egypt, ensuring continuity in financial markets: Abdin
30.2% increase in foreign workers licensed in Egypt’s private, investment sectors in 2023: CAPMAS – Dailynewsegypt
The total number of foreign nationals who received work permits in Egypt’s private and investment sectors reached 17,357 in 2023, compared to 13,331 in 2022. This significant increase of 30.2% was reported by the Central Agency for Public Mobilization and
SCZONE aims to attract more Korean companies in targeted industrial sectors: Chairperson – Dailynewsegypt
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), extended a warm welcome to a delegation from the Korean Egyptian Development Association (KEDA) at the SCZONE headquarters in Sokhna. Led by Kang Won-Sik, Chairman of KEDA, the delegation