The top ten economies by Gross Domestic Product in Africa all have active competition regulation, save for Angola and Nigeria but those countries are in the process of establishing completion law regimes, which are expected to be up and running soon.
The Egyptian Government has again outlined plans to eliminate electricity subsidies, in order to allow some form of free market involving the private sector.
Etihad Airways, the national airline of the UAE, and Egyptian national airline EGYPTAIR, have announced a significant expansion of their successful codeshare partnership, widening their horizons to cover more destinations in Africa, North Asia and Australia.
The World Bank announced today a new US$500 million investment in Egypt’s education reforms, to support increasing access to quality Kindergarten education, improving the quality of learning and adopting technology as a vehicle to achieve the reform objectives.
SDX Energy Inc., the North Africa focused oil and gas company, has discovered gas at its Ibn Yunus-1X exploration well at South Disouq, Egypt.
Egypt’s non-oil exports recorded $3.8 billion in the first two months of 2018, with an increase of $500 million, compared to $3.3 billion in the same months of 2017, according to General Organization for Export and Import Control.
The African Export-Import Bank (Afreximbank) and the Indonesia Eximbank yesterday in Bali, Indonesia, entered into an agreement to commit up to $100 million to support businesses and trade activities between Indonesia and African countries.
The Attijariwafa Bank group signed a Memorandum of Understanding (MoU) with the Egyptian Exporters Association (Expolink) to cooperate in boosting Egypt’s exports to Africa.
EFG Hermes, a financial services corporation serving MENA and frontier emerging markets, says that its subsidiary, EFG Hermes Factoring, has received a license to offer factoring services in the Egyptian market.
Egypt’s Petroleum Ministry achieved around 800 new oil and gas discoveries starting fiscal year (FY) 2001/02 and until 2015/16.
Morocco ranks top investment destination in Africa for 2017, followed by Egypt, Algeria, Botswana, Cote d’Ivoire - Quantum research
Morocco is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2018 (AII) by Quantum Global’s independent research arm, Quantum Global Research Lab.
dLocal, a payments technology company is building on the momentum of another year of solid growth with expansions in its boardroom, C-Suite, and roster of regions where its ecommerce customers are uncovering opportunities.
Occupying a vast area of 29,000 square meters in Beheira province north of the Egyptian capital Cairo, the newly-established factory of China’s agribusiness factory, New Hope Group, is an indication of the growing ties between the two countries.
SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that an oil discovery has been made at its Rabul 5 Well in the West Gharib Concession in Egypt.
The Chairperson of the African Union Commission, His Excellency Moussa Faki Mahamat, has approved the deployment of a Short-Term Election Observation Mission to Egypt to observe the country’s presidential election scheduled for 26-28 March 2018.
Energy Recovery, Inc. a provider of pressure energy technology for industrial fluid flows, has been awarded $4 million to supply its PX® Pressure Exchanger® technology for desalination projects in Egypt.
Egypt launches digital forensic lab to Improve Intellectual Property Rights' Protection and Enforcement
The Government of Egypt has announced today that it is setting up a specialized digital forensic lab for Intellectual Property as part of its enforcement schemes of combating software piracy.
Beltone Financial expected that Egypt Telecom Company will acquire a five-percent stake of the mobile network market in 2018 with 5.2 million subscribers, according to Beltone’s research report.
Italian multinational oil and gas company Eni has agreed to sell to Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Company, a 10% stake in the Shorouk concession, offshore Egypt, where Zohr's super-giant gas field is located.
Nokia and Orange Middle East & Africa are rolling out a Nokia single radio access network and network management technology across seven African countries in a three-year modernization project to prepare for the launch of 4G services.
Temenos, the software specialist for banking and finance has announced that Banque du Caire has selected Temenos T24 Core Banking as part of its vision in becoming the region’s leading bank.
Novonordisk Egypt awarded the best place to work in Egypt for 2018 by BTPW
The African Export-Import Bank (Afreximbank) can support Egyptian business women in expanding their trading activities into other African countries.
Telecom Egypt’s (ETEL) consolidated results increased 17.97 percent in 2017, recording LE 3.15 billion, compared to LE 2.67 billion in 2016.
Archer Daniels Midland Company and Cargill have reached agreement to launch a joint venture to provide soybean meal and oil for customers in Egypt.
International Data Corporation, a global research and consulting firm has initiated a study to understand the global market trends and opportunities for the Egyptian offshoring industry in relation to IT outsourcing.
Telecom Egypt has signed an agreement with Orange Data to provide infrastructure and transmission services for three years.
International tax and legal company Andersen launches in Egypt this week as Maher Milad Iskander and Co., an Egyptian tax and legal firm based in Cairo, formally adopts the name Andersen Tax & Legal.
American petroleum and natural gas exploration and production company Noble Energy, Inc. has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt.
Gemalto, global digital security company, is supplying Cairo International, the second busiest airport in Africa, with automated document readers that will enable faster border crossings for millions of travelers.
The President of the African Development Bank, Akinwumi Adesina, and the Government of Egypt are championing a new push for African countries to work together towards building a new Africa driven by innovation and technology.
Hilton continues its growth and development in Egypt, 60 years after first entering the country, with the opening of the Hilton Cairo Heliopolis.
Al Baraka Bank Egypt continued its growth and progress in all its activities in 2017 and announced achieving financial results and growth in businesses, services and products, where total income increased by 51% in 2017.
Telecom Egypt has signed a wholesale agreement with Vodafone Egypt to provide transmission and infrastructure services.
Egyptian Ambassador to Addis Ababa Abu Bakr Hefny said on Tuesday that Sudan, Egypt and Ethiopia are furthering collaboration, especially at an economic level, given the Cairo-Cape Town road crossing that will soon be established through the three states.
The future of technical education in Egypt has received a significant boost with the completion of a seven-day workshop for 1,300 Egyptian technical school teachers and administrators from 60 vocational schools in 11 governorates across Egypt.
Cairo Angels, Egypt’s first formal angel investors’ network has launched the Mint startup incubator, created in partnership with EG Bank.
The China-based auto manufacturer BYD has been expanding internationally in recent years quite a bit, with the most recent news on that front being that a deal has been struck that will see the old city of Alexandria granted its first electric buses.
Yokogawa Electric Corporation announces that its subsidiary, Yokogawa Middle East & Africa, has received an order from the state-owned Egyptian Natural Gas Company, operator of the country’s national gas grid, to supply a gas pipeline management and control system.
Egypt’s economy is recovering, supported by prudent macroeconomic policies and initial bold reforms aimed at addressing the major challenges that have confronted the economy in recent years.
Telecom Egypt announced in a release to the Egyptian Exchange that it has reached a final settlement agreement with Etisalat Misr in regards to a dispute on international calls' services.
Toyota-Egypt has signed an agreement with Lexus, the luxury vehicle division of Japanese car maker Toyota, to be the official distributor of Lexus cars in the Egyptian market as from 2018.
Imagine Education, a player in global solutions, and onQ™, a digital content delivery provider for communications have expanded their partnership, to support the Teachers First initiative for the Egyptian Ministry of Education.
JSC Russian Export Centre has become the latest international financial organisation to join the African Export-Import Bank as a shareholder following its successful subscription to Class “C” shares of the African multilateral trade finance bank.
Cabrera Capital Markets teams up with HC Brokerage to bring independent institutional Egyptian research to US investors
Cabrera Capital Markets has announced a strategic alliance with HC Brokerage, headquartered in Cairo, Egypt. HC Brokerage is the brokerage arm of HC Securities & Investments.
Astronergy/CHINT Solar has won a new contract to provide EPC services to the 165 megawatts solar project in Egypt. The company will undertake the technology, design, engineering, procurement and construction work for the whole project.
The Board of Directors of the African Development Bank has approved a $500-million loan to finance Egypt’s Economic Governance and Energy Support Program Phase III.
As Egypt embarks on a massive infrastructure expansion drive to stabilise and expand its economy, underground and deep foundations works represent an essential element of preparation
Hamdy El-Leithy, CEO of Linatel Telecommunications, said his company is in negotiations to participate in setting up Telecom Egypt’s infrastructure for its mobile network.
[Egypt] NEXTracker delivers smart tracker technology to world's largest planned solar power plant in North Africa
Power company NEXTracker has announced that global solar EPC company Sterling and Wilson selected NEXTracker to supply 325 megawatts of its smart solar trackers to its project within the Benban solar park in Aswan, Egypt.
Saudi-based Acwa Power, a major developer, investor and operator of a portfolio of power generation and desalinated water production plants, has reached financial close of three solar PV projects under Round 2 of Egypt's Feed-in-Tariff programme II.
Gowling WLG has served as the legal adviser on one of the largest new-build nuclear power construction projects in the world: the El Dabaa project in Egypt, worth more than $30 billion.
Groupe SEB has signed an agreement with the Zahran family to merge small electrical appliances and cookware businesses with a view to reinforcing its local manufacturing base in Egypt to serve the local and export markets.
Russian President Vladimir Putin has authorised commercial flights between Egypt and Russia to resume following a two-year suspension.
Egypt saw a 55-percent rise in international tourism since the beginning of 2017 until November after a decline in tourism in 2016, according to an analysis of the market conducted by GfK.
The United Nations has announced the opening of its African Technology Innovation Lab (UNTIL) in Egypt, in line with its framework to deploy a global network of such labs.
Al-Mansour Automotive, official distributor of Chevrolet and Opel vehicles in Egypt, signed a partnership contract with Shell Egypt to be the exclusive engine oils and lubricants supplier of the company’s service centres.
Egypt's banks have funded trade finance transactions worth $70.8 billion since the Egyptian pound was floated in November 2016, the Central Bank of Egypt (CBE) announced Wednesday.
Egypt said Tuesday the World Bank should be brought in to resolve tensions with Ethiopia over a massive dam on the Nile River that Egypt says threatens its water security.
Energy chief of the bank Bakr Abdel Wahab stated that within the upcoming three years, Egyptian investment bank EFG Hermes is looking to run renewable energy projects reaching 400 to 500 megawatts in the North African country.
Honoris United Universities has announced that its network institution in South Africa, Regent Business School, has signed an agreement with the Egyptian Ministry of Higher Education to establish a branch in the capital city of Cairo.
The African Export-Import Bank today in Cairo entered into an MOU with the African Guarantee Fund for Small and Medium-sized Enterprises for collaboration between the two institutions in promoting trade and economic development in Africa.
In continuity to its world policy to support digital learning and its prevalence in the society to protect everyone’s right to equal opportunities, Orange Egypt has announced the launch of “Digital Learning” initiative.
Egypt can be a front runner in transforming intra-African trade and boosting innovation and industrialization on the African continent, Kanayo Awani, Managing Director of the Intra-African Trade Initiative at the African Export-Import Bank, said today.
EFG Hermes, the financial services corporation in the Middle East and North Africa, has announced the launch of its state-of-the-art Fintech solution under the brand name ‘valU’, offering Egyptian consumers payment-on-installment programs.
Contributing to the growth of the e-commerce sector in Egypt, Mastercard, a ltechnology company in the global payments industry, has launched its global digital payment service Masterpass in Egypt.
[Egypt] The Almas Jiwani Foundation announces new strategic partnership with Lions Legacy International
The Almas Jiwani Foundation has announced a new strategic partnership with Lions Legacy International.
Digital money transfer service WorldRemit has raised $40 million to drive its next phase of global growth, including an expansion of its Egypt operation.
Huawei, together with industry alliance and partners in Northern Africa, aims to build ICT ecosystem in Northern Africa in response to industry digital transformation.
The World Bank and Egypt signed a US$ 1.15 billion loan agreement today to support ongoing reforms that have helped stabilize the economy, mobilized US$17 billion in private investments in the energy sector and enabled the transfer of fiscal resources to social protection programs.
The United States and Egypt have met under the bilateral Trade and Investment Council.
In line with its strategy and keenness to expand and reach all customer segments to offer better services across the country, Orange Egypt has announced the opening of 25 new sales channels as part of its Transformation Sales Distribution program.
Telecom Egypt and Orange Egypt announce that they have reached a final settlement agreement of the ongoing disputes between both companies through a settlement agreement.
EFG Hermes Foundation and Sawiris Foundation for Social Development partner to realize integrated sustainable development in Upper Egypt
EFG Hermes Foundation and the Sawiris Foundation for Social Development have signed a memorandum of understanding (MOU) to launch an integrated sustainable development project in Naga’El-Fawal, Esna, Luxor.
Siemens joins forces with German Development Cooperation to support vocational education and training in Egypt
Advancing their efforts to support Egypt’s vocational education and training, Siemens and the German Development Cooperation have announced a joint commitment to develop Zein Al Abedin Technical School in Cairo,
Bombardier Commercial Aircraft has signed a letter of intent for up to 24 CS300 aircraft with EgyptAir Holding Company, of Cairo. This includes 12 CS300 aircraft with purchase rights for an additional 12 aircraft.
The Economic Commission for Africa is focusing on essential components of structural transformation, such as sustainable investment in infrastructures and new industries.
The African Export-Import Bank has successfully completed its first ever Samurai Syndicated Term Loan Facility, raising the equivalent of US$150 million, comprised of two tranches of JPY 6.2 billion and US$100 million.
The Central Bank of Egypt approved increasing caps on cash withdrawals and depositing under mobile-phone cash transfer services, head of marketing department at Vodafone Egypt Karim Shehata announced Sunday.
Boeing and AerCap have announced that Egyptair will lease six Boeing 787-9 Dreamliners.
Mastercard enables a new era of payments in Egypt through innovation, collaboration and digitization
Guided by its vision of a cashless world and since the beginning of its operations in the country, Mastercard has made financial inclusion one of its top priorities in Egypt.
MARAKEZ, a subsidiary of Fawaz Al Hokair Group, has selected Yardi Voyager® 7S to electronically manage its lease and property management process for its leading shopping mall in Cairo, Mall of Arabia.
Pratt & Whitney, a division of United Technologies Corp and EgyptAir have announced the selection of the PurePower Geared Turbofan engine to power up to 24 Bombardier CS300 aircraft.
Telecom Egypt has renewed a long term agreement with Vodafone Egypt, to provide international call conveyance services. The agreement extends to the year 2022.
Mobile payments company Bango has expanded operations in Africa through a partnership with Victory Link in Egypt.
Suez Canal Economic Zone Authority and DP World sign agreement for development of economic zone in Sokhna, Egypt
Admiral Mohab Mamish Chairman of the Suez Canal Authority and Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, have signed a partnership to develop an integrated industrial and residential zone at Sokhna in Egypt.
Alfanar Company has closed the financing for the development, construction, ownership and operation of a 50 MW solar PV plant in Egypt's Aswan province and which will be supported by Egypt's FiT program.
Phoenix Energy of Safra, Lebanon participated in the official signing of the International Finance Corporation’s (IFC) Nubian Suns Feed-in-Tariff Financing Program in Cairo, Egypt.
EFG Hermes Leasing partners with Philips Egypt to provide healthcare leasing solutions to SMEs and hospitals
EFG Hermes Leasing, the leasing arm of the financial services corporation in the Middle East and North Africa EFG Hermes, has signed a cooperation agreement with Philips Egypt to provide leasing solutions for healthcare professionals.
Area9 Learning and Valia Investments have signed a long-term exclusive partnership to advance adaptive e-learning for corporations in North Africa and Middle East and North Africa region.
In its monthly bulletin on the performance of the banking sector, the Central Bank of Egypt stated that the total balances of credit facilities granted by banks rose to EGP 1.413tn until the end of July 2017.
EREN Renewable Energy and Access Power enter Egyptian renewable energy market with completion of financial close for two solar plants
EREN Renewable Energy and its strategic partner Access Power have announced the successful financial close of two solar PV plants with a total capacity of 126MWp located in the Benban complex.
Energy Recovery, Inc., the pressure energy technology for industrial fluid flows company has been awarded $3.3 million contract to supply its PXTM Pressure.
Africa50, the infrastructure fund for Africa, Scatec Solar and Norfund have signed the long-term financing documentation for the 400 MWDC utility scale photovoltaic power plants in Egypt.
A new medical joint venture between an Egyptian and a British company to launch a state-of the-art-facility to produce catheters is set to start at an investment of $4 million, the British embassy in Cairo announced on Thursday.
Global payments technology company Visa has launched the newly-incorporated Visa Foundation that will prioritize the growth of micro and small enterprises around the world, enabling individuals, businesses, and economies to thrive.
A delegation from the London Stock Exchange Group has visited Cairo to support Egypt’s Stock Exchange development and connect Egyptian Government and companies to London markets.
Egyptian exports to France increased by 17% in the first half (H1) of 2017, scoring a value of €321.3m, up from €274.9m in H1 2016.
Since late 2016, Egypt has been suffering severe foreign currency shortages, which has greatly affected the automobile sector due to the difference between the official exchange rates and the parallel market rates.
Italian multinational oil and gas company Eni has finalized the sale of a 30 per cent stake in the Shorouk concession, where the super-giant Zohr gas field is located, to Rosneft.