MSMEDA injects EGP 25.6bn into Upper Egypt projects over 10 years
Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has provided EGP 25.6bn in funding to projects in Upper Egypt over the past 10 years, including EGP 1.7bn to Aswan governorate, the agency’s CEO, Basel Rahmy, said on Sunday. Rahmy
Food Industries Chamber discusses challenges in meat, poultry processing sector
Egypt’s Chamber of Food Industries held a regular meeting for the meat and poultry processing division to discuss the challenges facing the sector and to study the issuance of standard specifications for new products. The meeting discussed a proposal
Egypt’s annual urban inflation edges up slightly to 26.5% in October
The Central Agency for Public Mobilization and Statistics (CAPMAS) has reported a slight increase in Egypt’s annual urban inflation to 26.5% in October 2024, up from 26.4% in September. Across the country, annual inflation climbed to 26.3% in October from
FRA continues formulating necessary policies to enhance efficiency, competitiveness of insurance sector: Farid
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), delivered the keynote speech at the sixth annual Insurance and Reinsurance Forum in Sharm El-Sheikh, organized by the Insurance Federation of Egypt, under the title “A Future Vision for Developing the
WUF12 addresses SDG localisation, development finance
At the 12th World Urban Forum (WUF12), held in Cairo, two pivotal discussions underscored the critical importance of Sustainable Development Goals (SDGs) localisation and financing for development. These discussions revealed a collective commitment to addressing the global challenges of urbanization
EBRD considers $200m debt finance for 1.1 GW Suez Wind Energy
The European Bank for Reconstruction and Development (EBRD) is considering senior debt financing of up to $200m in debt financing to support Suez Wind Energy, an Egyptian special purpose vehicle (SPV) established to build and operate a 1.1 GW wind
MSMEDA, World Bank partner to upgrade Egyptian entrepreneurship eco-system: Rahmy
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), emphasized enhancing Egyptian startups with both financial and technical support, by working on developing innovative ideas to reach the commercialized stage. “Such set of supportive programs targeting
Zamil Steel marks 25 years in Egypt with 7,400 projects
Zamil Steel Holding’s factories in Egypt have produced around 1.2 million tonnes of metal structures for approximately 7,400 projects, serving various industrial applications over the last 25 years. Roughly 450,000 tonnes of these structures have been exported to more than
Egypt’s pharmaceutical market records EGP 277bn annual sales: EDA
Ali Ghamrawy, Chairperson of the Egyptian Drug Authority (EDA) has reported that the total sales of Egypt’s pharmaceutical market from October 2023 to September 2024 reached 3.6 billion units, valued at approximately EGP 277bn, positioning it as one of the
Egypt, Japan’s JOIN discuss investment cooperation in infrastructure
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met with Hideki Okada, Head of the Business Development Unit at Japan Overseas Infrastructure Cooperation (JOIN) to discuss ways to encourage Japanese companies to pump new investments