UK Launches Water Infrastructure Projects in Egypt, Senegal

The United Kingdom has announced the launch of the first two water infrastructure resilience projects worth $125.39 m under its $2 bn Room 2 Run guarantee program. The Room to Run Guarantee first announced at COP26, is a $2 bn guarantee provided to the African Development Bank (AfDB) by the UK with $1.6 bn in […]

Egypt Tops Foreign Direct Investments Recipients In Middle East & Africa In 2022

The number of FDI projects in Egypt climbed by more than 150% to 148 in 2022, with an anticipated capital investment of $107 billion, according to fDi Insights’ 2023 study on global greenfield investment trends. This placed the nation as the greatest destination for megaprojects in terms of capital investment in the Middle East and […]

AFDB’s 2023 Annual Meetings in Egypt Promote Inclusive, Sustainable Growth in Africa

In the midst of a global context marked by multiple global crises since the emergence of Covid-19 in 2020, Africa has shown resilience. Amid headwinds, the continent continues to show positive economic growth. According to the African Development Bank’s website and Africa’s Macroeconomic Performance and Outlook, the continent’s real gross domestic product (GDP) could expand […]

Mastercard Women SME Leaders Awards Reveals 2023 Winners

Mastercard announced the winners of its second edition of the Women SME Leaders Awards at a virtual ceremony, celebrating the achievements of women-led businesses in 22 categories across multiple industry sectors in Eastern Europe, the Middle East, and Africa. Launched in 2022 in collaboration with Entrepreneur Middle East, the Mastercard Women SME Leaders Awards is […]

Trade Exchange Between Egypt, Africa Hit $ 2.117 Bn in Q1 of 2023

Trade and Industry Minister Ahmed Samir said the volume of trade exchange between Egypt and African markets reached about $2.117 bn in the first quarter of 2023. His remarks came in a report that Samir received from the General Organization for Export & Import Control on trade exchange between Egypt and African countries in the […]

Somabay Golf Courses Rank First in Egypt, 15th in Africa

Abu Soma Touristic Development Company (ASDC), Egypt’s leading tourism investment company and real estate developer ranked first among 24 golfing destinations in Egypt and 15th out of 505 venues in Africa, according to the Leading Courses website, earning a coveted place among the best golfing facilities in the world. “The accolade is a tribute to […]

AU, UN Women Renew Commitment to Advance Gender Equality in Africa

AU, UN Women Renew Commitment to Advance Gender Equality in Africa The African Union Commission’s Women, Gender and Youth Directorate (WGYD) in collaboration with UN Women Eastern and Southern Africa and the UN Women Liaison Office to the AU agreed on drafting a joint Framework aligned with the African Union and the UN Women strategic […]