Egypt has been selected as one of seven countries to benefit from the Climate Investment Funds' (CIF) $1bn Industrial Decarbonisation Programme, Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat announced on (...)
The Climate Investment Fund (CIF) selected Egypt among seven countries to benefit from its $1 billion programme aimed at cutting emissions in the industrial sector of developing economies, as per a Cabinet statement.
The initiative, the first global (...)
Egypt, with an overall score of 49.91 out of 100, has secured a position within the top three best-performing countries in Africa, alongside Morocco (49.17), in a new exclusive ranking by Jeune Afrique. South Africa leads the list of 20 nations with (...)
Shell Egypt emphasised the crucial role of natural gas in ensuring energy security and driving a balanced transition throughout EGYPES 2025, with senior executives contributing to discussions on Africa's energy future, investment opportunities, and (...)
Shell Egypt will participate as a partner in the Egypt Energy Show (EGYPES) 2025, the largest energy conference and exhibition across Egypt, North Africa, and the Mediterranean. The conference, held under the auspices of President Abdel Fattah (...)
QatarEnergy is expanding its upstream portfolio in Namibia by acquiring a 27.5 per cent interest in Block 2813B (PEL0090) under a new agreement with Harmattan Energy Limited (HEL), a Chevron subsidiary, as per a statement released on Sunday.
HEL, (...)
Africa's gas sector is booming, with a pipeline of projects that is more robust than ever before. However, to be competitive in a dynamic global market, the continent must ensure its gas offerings meet both financial and environmental sustainability (...)
Most integrated utility companies in emerging markets (EM) in the Europe, Middle East, and Africa (EMEA) region have stable credit ratings despite Fitch Ratings' expectation of increased capital expenditure (capex) in the coming years.
In a press (...)
The European Union (EU) officially launched and signed three EU-funded programmes, committing €54 million (around $60 million)) to support Namibia's green industrialisation efforts.
The initiatives, part of the EU's Global Gateway strategy, focus on (...)
Egyptian Minister of Electricity, Mahmoud Essmat said on Thursday the country is committed to promoting the green hydrogen economy and sharing its expertise with other African nations.
Speaking at the Global African Hydrogen Summit (GAH2S) taking (...)
Egypt and Namibia have agreed to strengthen bilateral relations and explore new areas of cooperation, following a meeting between their foreign ministers on the sidelines of the Tokyo International Conference on African Development (TICAD).
Egyptian (...)
Bank of Namibia has lowered on Wednesday the repo rate by 25 basis points to 7.50 per cent to support the economy and maintain the Namibia Dollar's peg with the South African Rand.
This decision follows a review of economic conditions, including a (...)
A recent report by the United Nations Conference on Trade and Development (UNCTAD) has once again recognized Egypt as the leading investment destination in Africa for 2023. Despite global economic challenges, Egypt's unwavering commitment to (...)
Namibia will start constructing its second desalination plant in January 2025, with completion expected by early 2027, according to Agriculture Minister Calle Schlettwein. The 20-million-cubic-metre capacity plant has been planned since 1998.
Facing (...)
Egypt's construction and infrastructure sectors are booming with new cities and mega projects, the sixth edition of Big 5 Construct Egypt and the 2nd edition of the Egypt Infrastructure & Water Expo highlight this transformation.
During the opening, (...)
Egypt's Minister of Health and Population, Khaled Abdel Ghaffar, has met with Kalumbi Shangula, Namibia's Minister of Health, to explore avenues for collaboration and knowledge exchange between the two nations.
Hossam Abdel Ghaffar, the official (...)
King Philippe of Belgium has visited the Namib desert in early May to inaugurate a project aimed at decarbonising European industry and boosting 's economy through green hydrogen, as reported by Bloomberg on Thursday.
The Cleanergy Solutions (...)
The World Bank approved a loan of $138.5 million to Namibia to enhance its transmission network and incorporate renewable energy projects into its grid, the bank announced on Monday.
Namibia, one of the driest countries in Sub-Saharan Africa with (...)
Baker Hughes, an energy technology company, is set to establish a new liquid mud plant and a separate assembly, maintenance, and repair facility at Walvis Bay in Namibia, according to Reuters. The move aims to meet the growing demands of offshore (...)
Namibia's state-owned oil the National Petroleum Corporation of Namibia (NAMCOR) has inked a development agreement with Chevron, wherein the US energy giant will take an 80 per cent operational stake in an offshore block in the Walvis Basin, Reuters (...)
The Organisation of the Petroleum Exporting Countries (OPEC+) expressed excitement about the prospect of its partnership with Namibia and pledged its support for the country's oil endeavors, as per a Reuters report on Wednesday.
OPEC+ Secretary (...)
European shares recorded a slight increase on Monday, with the STOXX 600 index rising by 0.2 per cent by 08:28 GMT, bolstered by a 0.3 per cent rise in banking stocks, according to Reuters.
This comes as investors prepare for upcoming earnings (...)
كشف مهرجان كان السينمائي (14-24 مايو) عن قائمة الأفلام المشاركة في مسابقة "نصف شهر المخرجين"، المقامة على هامش النسخة ال77 للمهرجان الفرنسي الأبرز في أوروبا.
وتضم المسابقة 21 فيلما، من بينها الفيلم المصري "شرق 12" للمخرجة هالة القوصي، وتدور أحداثه (...)
Namibia recorded an estimated economic growth of 5.6 per cent last year and anticipates a growth of 4.0 per cent this year, according to Reuters citing the country's finance minister's announcement on Wednesday.
These figures mark an increase from (...)
عدد لا يحصى من القبائل يمتد في ربوع أفريقيا، والتي يقدر عددها بنحو 3 آلاف قبيلة على مستوى القارة، والتي تمتاز بالتنوع في التقاليد والعادات القبلية الفريدة والتي تختلف وتتباين من قبيلة لأخرى، إحداها ذهبت إلى الغرابة من باب الصدمة والدهشة، فلك أن (...)
