The Agricultural Bank of Egypt (ABE) recently received two official delegations from Serbia and Angola in separate visits aimed at exploring opportunities for cooperation in agricultural development and gaining insight into the bank's strategic role (...)
Mohamed El-Shimy, Minister of the Public Enterprises Sector, held a series of high-level bilateral meetings on the sidelines of the 17th US-Africa Business Summit, currently taking place in Luanda, Angola, from 22 to 25 June. El-Shimy is (...)
Mohamed El-Shimy, Egypt's Minister of Public Enterprises Sector, has arrived in Luanda, Angola, to participate in the 17th edition of the US–Africa Business Summit, taking place from June 22 to 25.
Egypt's participation in the high-level summit (...)
Egypt's Minister of Public Business Sector Mohamed Shimi met with Nardos Bekele-Thomas, CEO of the African Union Development Agency (AUDA-NEPAD), on the sidelines of the US–Africa Business Summit in Luanda, Angola.
The meeting focused on advancing (...)
The African Development Bank (AfDB) is preparing to launch the first investment bank in Africa dedicated to entrepreneurship, aimed at financing innovative youth-led projects and providing business incubators to support their growth, AfDB President (...)
Egypt's Minister of Public Enterprises Sector Mohamed Shimi held a series of high-level bilateral meetings on the sidelines of the 17th US-Africa Business Summit, held in Luanda, Angola, from June 22 to 25.
Shimi met with Angolan Vice President (...)
Egyptian builders can access $2.5 trillion in African projects, but need government support and a national export plan to compete, Hassan Abdel Aziz, president of the African Federation for Construction Contractors' Associations (AFCCA), said (...)
Egyptian President Abdel Fattah Al-Sisi met Angolan President João Lourenço in Cairo on Tuesday for talks focused on strengthening bilateral relations and addressing key African security and development issues, the Egyptian presidency (...)
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, underscored Petrojet's pivotal role in executing large-scale energy and infrastructure projects both in Egypt and internationally.
Speaking at the company's general assembly meeting, (...)
Prime Minister Mostafa Medbouly represented Egypt at the opening session of the 38th Ordinary Session of the African Union (AU) Summit, held in Addis Ababa, Ethiopia on February 15th and 16th. The Prime Minister attended on behalf of President Abdel (...)
Assistant Minister of Foreign Affairs for African Organizations & Communities, Ambassador Ashraf Swelam, led the Egyptian delegation participating in the first Ministerial Conference of the Russia-Africa Partnership Forum, held in Sochi on November (...)
Russia on Saturday opened the first Ministerial Conference of the Russia-Africa Partnership Forum in the city of Sochi, seeking to deepen ties with African nations and dispel the notion that it is isolated by Western sanctions.
The conference is (...)
The Engineering Export Council of Egypt announced that the sector's exports during the first seven months of 2024 increased by 29.9% during the period from January to July 2024, reaching $3.052bn compared to $2.350bn in the same period of 2023.
The (...)
The EU-Angola Sustainable Investment Facilitation Agreement (SIFA) officially came into force on Sunday, marking the EU's first investment facilitation agreement.
SIFA aims to attract foreign investments to Angola by creating a more transparent, (...)
Chinese foreign direct investment (FDI) in Africa surged to $21.7 billion in 2023, largely driven by initiatives like the Belt and Road. To leverage this surge in investment, the African Energy Chamber (AEC) is visiting China to explore new (...)
Egypt secured the seventh spot among Africa's top oil reserve holders, boasting 3.3 billion barrels, according to a recent Business Insider Africa report.
Libya leads the continent in oil reserves, followed by Nigeria, Algeria, Angola, Sudan, and (...)
The Engineering Export Council of Egypt (EEC) recently reported a remarkable surge in the sector's exports during the first half of 2024. Exports increased by 28.6%, reaching an impressive $2.599bn compared to the previous $2.02bn. Led by Sherif (...)
Rania A. Al-Mashat, Egypt's Minister of Planning, Economic Development, and International Cooperation, held a series of meetings with global counterparts during the G20 Development Ministers Meeting in Rio de Janeiro, Brazil. The discussions focused (...)
Egypt has once again been recognised as Africa's top destination for foreign investment, according to a recent report by United Nations Conference on Trade and Development (UNCTAD), making it the second year in a row for this achievement.
The UNCTAD (...)
Africa Finance Corporation (AFC) has provided a $150m loan to Kamoa Copper to support the expansion of the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). This move is expected to strengthen the DRC's position as the fourth (...)
Africa's economic growth is poised to accelerate to 3.7 per cent this year and 4.3 per cent next, up from 3.1 per cent in 2023, Reuters reported on Wednesday citing African Development Bank (AfDB) President Akinwumi Adesina.
Adesina expressed (...)
Sherif Al-Sayyad, Chairperson of the Engineering Export Council of Egypt, has announced a remarkable 32.3% surge in engineering exports from January to April 2024, reaching a historic high of $1.673bn, compared to $1.264bn during the same period in (...)
Italian energy industry services company Saipem has secured contracts worth $3.7 billion with a subsidiary of TotalEnergies to undertake works on Angola's Kaminho offshore project, as per the company's announcement cited by Reuters on (...)
Angola's President Joao Lourenco is poised to greenlight a law by June, introducing fresh incentives to foster expansion in offshore blocks, according to Reuters citing a senior energy official.
This move marks the latest effort to spur investment (...)
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 (...)
