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Afrexim Bank, Heirs Holdings sign $600m loan deal
African Export-Import (Afrexim) Bank signed financing facilities totaling $600 million with Heirs Holdings Group, a…
Egypt’s El Sewedy, Arab Contractors to build $3bn Tanzanian hydro power plant
Egypt’s El Sewedy Electric company will be involved in building a $3 billion Tanzanian hydroelectric power plant,…
Egypt adopts law establishing country’s sovereign wealth fund
Egypt's Minister of Planning Hala El-Saeed said that the law on establishing the country's sovereign wealth fund is…
Egypt’s telecom firms lose million subscribers in August
Egyptian telecom firms’ mobile phone subscribers fell 1.11 percent, or 1.07 million subscribers, to 95.29 million…
COMESA thanks Egyptian ministries for their efforts at Africa 2018 Forum
The COMESA Regional Investment Agency (RIA) has thanked Egypt's ministries of foreign affairs and investment and…
Egypt orders Apple to end ‘anti-competitive’ practices in market
The Egyptian Competition Authority has ordered multinational technology company Apple to end their…
Egypt’s PM heads to Tanzania to attend signing of Stiegler’s Gorge dam deal
Egypt's Prime Minister Moustafa Madbouly is heading on Tuesday to Tanzania to attend the signing of the contract to…
Africa has 21 Sovereign Funds with $165bln assets: el-Saeed
There are 21 African Sovereign wealth funds with total assets of $165 billion in In Algeria, Libya, Botswana,…
Sorouh eyes $167.3 mln contractual sales from Egypt new capital’s Entrada
Sorouh Developments says it targets contractual sales of three billion Egyptian pounds ($167.3 million) from its…
Suez Canal Bank seeks to pump funds in leasing , property development
Egypt's state-owned Suez Canal Bank is set to pump new funds in leasing and property development sectors among…