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CBE Signs a MoU with AfDB for Egypt Hosting the Bank’s Annual Meetings in Sharm El Sheikh
In accordance with the directives of H.E. President Abdel Fattah Al-Sisi, President of the Arab Republic of Egypt, to strengthen the cooperation with African countries across all fields particularly…
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Elsewedy Electric’s subsidiary signs 3 deals worth EGP 2.2bn
Elsewedy Electric Co announced that its 99.80%-owned subsidiary, El Sewedy Electric for Trading and Distribution, has signed three contracts to execute the South Valley development project in Toshka.
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EBRD supports Egypt’s green economy with $100m loan to Banque Misr for on-lending to local SMEs
The European Bank for Reconstruction and Development (EBRD) is supporting the green economy in Egypt with a $100m loan to Banque Misr for on-lending to local small and medium-sized enterprises (SMEs).
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Africa needs 20 to $50bn annually to meet its climate targets: Egypt’s Environment Ministe
Minister of Environment Yasmine Fouad said that African countries need funding estimated at about 20 to $50bn annually in order to be able to work on the 1.5° Celsius scenario.
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Egypt’s annual inflation rate rises in August – CAPMAS
Egypt's annual inflation rate registered 15.30% in August 2022, compared to 6.40% in the same month in 2021.
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Crédit Agricole France raises shareholding in Egypt branch
Crédit Agricole France has purchased 60 million shares in Crédit Agricole Egypt on 8 September 2022.
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Egypt increases customs exchange rate again
The Customs Authority yesterday raised the USD customs exchange rate to EGP 18.65 from EGP 17.00 in May, it said in a statement.
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AfCFTA should to be given more support at COP27: Afreximbank chair
President and Chairperson of the African Export-Import Bank (Afreximbank), Benedict Okey Oramah, emphasized that the African Continental Free Trade Area (AfCFTA) is a key solution that helps Africa…
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Egypt-ICF 2022 kicks off 60 days Ahead of COP27
The second edition of Egypt-ICF 2022 and the Meeting of African Ministers of Finance, Economy and Environment for COP27, kicked off on Wednesday at the New Administrative Capital. Egypt ICF200 is…
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Afreximbank, UN World Food Programme Egypt discuss cooperation, food security
Afreximbank and the United Nations World Food Programme (WFP Egypt) have discussed cooperation in Smart Agriculture, Green Energy, Value Chain, Financial Inclusion and Impact Investment.
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