Global protectionist policies offer Africa industrial investment opportunities, Egypt’s Al-Mashat says
Global protectionist policies are creating opportunities for African nations to attract industrial investment by encouraging companies to reshore activities to the continent, Egypt’s Minister of Planning, Economic Development and International Cooperation said on Wednesday. Speaking at the launch of the
Coca-Cola to open Alexandria factory and triple Cairo digital hub workforce
Coca-Cola plans to open a new factory in Alexandria and more than double the workforce at its Cairo digital hub by 2027, company executives told Egyptian ministers on Wednesday. The expansion was discussed during a meeting at the World Economic
Egypt targets 70% private sector investment by 2030 following 5.3% quarterly growth: Al-Mashat
Egypt is targeting a rise in the private sector’s share of total investment to over 70% by 2030, Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat said on Tuesday, following a 5.3% GDP growth rate in the first
AfDB provides $170m to Egypt for economic diversification and sustainability
Egypt and the African Development Bank (AfDB) have signed a $170m agreement for the second phase of the Private Sector Development and Economic Diversification Support Program (PSD-EDSP II) to support the state budget and advance structural reforms. The Minister of
Egypt, South Korea sign joint statement on Comprehensive Economic Partnership Agreement
Egypt and South Korea have taken a major step to deepen economic cooperation, with Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, and Yeo Han-koo, South Korea’s Minister of Trade, Industry, and Resources, signing a joint statement on a
Egypt, EU coordinate on 2026-2027 development grants as growth surpasses 5%
Egypt’s economic growth rate exceeded 5% during the first quarter of the current fiscal year, Planning, Economic Development and International Cooperation Minister Rania Al-Mashat said. The announcement followed the disbursement of a €1bn tranche in January 2026 under the European
Cairo, Sarajevo sign cooperation pacts, eye direct flights to boost trade
Egypt and Bosnia and Herzegovina signed several cooperation agreements on Saturday, including protocols to enhance diplomatic training and bilateral relations, as the two nations move to boost trade and tourism links. The deals were signed following political consultations in Cairo
EIB commits $80m to RMBV North Africa Fund III, catalysing over $300m in investments
The European Investment Bank (EIB), through its development arm EIB Global, has committed $80m to the RMBV North Africa Fund III to accelerate private sector development and sustainability in Egypt, as part of a broader regional investment strategy covering North
EU to disburse €1bn to Egypt on Thursday under Macro-Financial Assistance mechanism
Egypt is scheduled to receive a €1bn disbursement from the European Union this coming Thursday under the Macro-Financial Assistance (MFA) budget support mechanism, according to Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat. The payment follows the government’s
MAG seeks to expand Egypt’s economic footprint across Africa
Mohamed Atta Gad, Chairperson of MAG Group for Trade and Investment, participated in a meeting with Egypt’s Minister of Foreign Affairs, Migration and Egyptian Expatriates Affairs, Badr Abdelatty, alongside representatives of the private sector and Egyptian companies, as part of