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Egypt will be listed on JP Morgan emerging bond index late January 2022
Egypt is set to enter JP Morgan’s emerging market government bond index starting on Jan. 31, the investment bank said in a research note.
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Egypt’s sovereign fund inks green hydrogen deal with Scatec, Fertiglobe
The Sovereign Fund of Egypt (TSFE) signed an agreement with Norway's Scatec and Fertiglobe plc to develop a 50-100 megawatt (MW) green hydrogen facility as feedstock for green ammonia production.
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Orascom Construction consortium to build 500 MW wind farm in Egypt
A consortium, including Orascom Construction PLC and Toyota Tsusho Corporation, has signed a 20-year agreement with the Egyptian Electricity Transmission Company (EETC) to develop and operate a 500 MW…
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Forbes named Suez Canal Authority second largest logistics firm in MENA
Suez Canal Authority (SCA) has been chosen by Forbes among the top 10 largest logistics companies in the MENA region.
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Ain Sokhna Port is getting additional investment from Emirati port giant DP World
Ain Sokhna Port is getting additional investment from Emirati port giant DP World and CDC Group, the UK government’s development finance arm.
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Fawry makes its first step in expanding into Africa, starts with Sudan
Fawry has finalized an unspecified investment in Sudan’s largest online classifieds platform and marketplace, acquiring an undisclosed strategic minority stake in Alsoug.com / Cashi’s holding company
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Orascom Development’s real estate sales jumped 43.4% to EGP 6.2bn in 9M
Orascom Development Egypt (ODE) has announced its preliminary real estate and hotels’ key performance indicators (KPIs) for the third quarter (Q3) of 2021.
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IMF increases Egypt’s real GDP growth forecasts to 3.3% in 2021
The International Monetary Fund (IMF) has raised Egypt’s real GDP growth projections for 2021 to 3.3 percent.
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Credit Agricole Egypt allocates EGP 200m to finance medical sector
Credit Agricole Egypt has signed a cooperation protocol with UltraTeb to finance the health sector with EGP 200m.
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Afreximbank, Barbados Enter Milestone Understanding for Africa Diaspora Trade Ties
African Export-Import Bank (Afreximbank) and the Government of Barbados have signed a Memorandum of Understanding (MoU) to expand trade and investment links between Africa and the Caribbean island…
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