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Egypt’s growth account for 17% of Africa output during 2022
Egypt’s economic growth is expected to account for 17% of Africa’s output growth in 2022, according to a report prepared by the African Import-Export Bank (Afreximbank).
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Beltone receives purchase offer from UAE’s Chimera Investments
Beltone Financial Holding, a 58.2% subsidiary of Orascom Financial Holding (OFH), has received a mandatory purchase offer from Chimera Investments, an Abu Dhabi-based private investment company, or…
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Minister of Trade and Industry Nevine Gamea stressed the importance of strengthening joint efforts among African countries to deal with the current economic challenges.
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Egypt’s annual inflation jumps to 15% in May
Egypt's annual inflation rate jumped to 15.3% in May 2022, compared to 4.9% in the same month in 2021, according to the latest data by the Central Agency for Public Mobilization and Statistics…
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Shalateen Mining to launch international gold tender for at least five Eastern Desert concessions
State-owned Shalateen Mining Company plans to launch an international gold and minerals exploration auction for at least five areas in the Eastern Desert in the coming weeks, Bloomberg Asharq reported…
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Egypt to offer $40bn assets to private sector in 4 years
Egypt will offer $40 billion in assets to the private sector over four years, representing $10 billion per year, the Egyptian Prime Minister, Mostafa Madbouly, said.
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Egypt aims to reach 42% renewable energy share by 2035 – Minister
Egypt aims to reach 42 percent of the contribution of renewable energy in the nation’s energy mix by 2035, the Minister of Electricity and Renewable Energy Mohamed Shaker announced
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Food industries sector contributes to 24.5% of GDP – official
The Food industries sector represents 14 percent of the total export sector and 24.5 percent of the total GDP, Ashraf El Gazairly, head of the Chamber of Food Industries in the Federation of Egyptian…
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Turkey rebrands as “Türkiye” after UN approval
Turkey will be known as “Türkiye” at the United Nations (UN) after it approved on Wednesday the Turkey’s government request to change the name aiming to increase the country’s brand value.
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Egypt to share 30 mln shots of COVID vaccines with Africa, Sisi says
Egypt will donate 30 million doses of coronavirus vaccines to African countries, President Abdel-Fattah El-Sisi announced while addressing Africa Health ExCon, the first African health conference,…
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