The management for a 165MW (DC) solar project in Egypt has selected China-based Astroenergy/CHINT Solar for a contract to provide engineering, procurement, construction, and design work (EPC) for the entire project.
Egypt Tender and Business News
The Central Bank of Egypt has awarded a €260 million contract to German global security technology group Giesecke+Devrient (G+D) for the planning and building of an integrated plant for the printing and processing of bank notes.
Starting soon after the beginning of this new year, Egypt has arrested a total of 75 people connected with a wide range of corruption charges.
Spanish wind energy company Siemens Gamesa Renewable Energy has been selected to install 125 of its G97-2.1MW turbines (total capacity of 262.5 MW) at the Egyptian wind farm Gulf of Suez, of Ras Ghareb Wind Energy SA.
EgyptAir Holding company just announced it has executed a firm agreement for the purchase of 12 CS300 aircraft from Bombardier Commercial Aircraft. The agreement includes purchase rights for an additional 13 CS300 aircraft.
The Egyptian Administrative Control Authority (ACA) and the U.S. Federal Bureau of Investigation have signed an MOU (Memorandum of Understanding) to endorse a deeper level of ongoing cooperation between the two agencies.
India's Council for Cultural Relations (ICCR) has 27 slots available for Egyptian students under its Africa Scholarship Scheme for studying Under-graduate, Post-graduate and PhD courses in various Indian Universities/Institutes.
The Egyptian government has received US $150 million in financing to support the expansion of the essential wastewater treatment plant at Abu Rawash in the Giza Governorate.
Egyptian journalist Mahmoud Hussein was arrested on December 22, 2016, with charges of "incitement against state institutions and broadcasting false news with the aim of spreading chaos". On December 22, 2017, he was still in pretrial detention without proper due prorcess.
The Saudi Arabia-based International Islamic Trade Finance Corporation (ITFC), and the Africa-Export Import Bank (Afreximbank) (Afreximbank.com) have signed off on an agreement with US$100 Million and a EUR 50 Million Murabaha agreement, for facilitating and financing exports amongst African countries and between Africa and the rest of the world.
UK-headquartered Honoris United Universities (www.Honoris.net), the first private pan-African higher education platform, announced that it has signed an MOU with the Egyptian Ministry of Higher Education to establish a branch in the capital city of Cairo.
On December 5, cash prizes worth €15,000 were awarded to four promising startups by VC4A (https://VC4A.com), the main sponsor of the Innoventures-run \"Startup Nova-Entrpreneurship Explosion\" event held at the Hilton Ramses in Cairo.
At the close of the Africa 2017 Forum, just completed in the resort city of Sharm el Sheikh in Egypt, President Abdel Fattah El Sisi sent a strong message of his intent to take a leadership role in bringing Africa closer together.
According to a new report by Baker McKenzie and Silk Road Associates, China's Belt and Road Initiative (BRI) is increasing BRI-related projects with up to US $350 billion over the next five years. Kenya, Tanzania, Ethiopia, Djibouti and Egypt are among the major African economies which may benefit from this substantial investment.
California-based Energy Recovery, Inc., manufacturer of energy recovery devices for oil and gas, chemical and water industries, announced total awards of $3.3 million to supply its PXTM Pressure ExchangerTM technology for desalination projects in Egypt.
Egypt has now secured long-term financing for the 400 MWDC utility scale photovoltaic (PV) power plants. Africa50, the infrastructure fund for Africa, Norfund and Scatec solar are co-funding the project under a Joint Development Agreement.
After Egypt's economy faced rising imbalances leading to high public debt, a widening current account deficit, and declining official reserves, the country was pushed to launch a major reform program in November 2016. According to a new review from the International Monetary Fund, those reforms are now beginning to pay of.
A recent visit to Egypt by Thomas R. Hardy, the Acting Director of the U.S. Trade and Development Agency, focused on strengthening the agency's support for U.S. commercial engagement in Egypt’s infrastructure development.
New study from Control Risks Group suggests that while Nigeria, South Africa, and Egypt, the traditional economic giants of Africa, have been stumbling recently, Kenya and Ethiopia might soon outshine their performance.
Baker Hughes, a wholly-owned subsidiary of GE based in the UK, just announced it had been awarded a major subsea contract from Petrobel for phase two of the “supergiant” Zohr Gas Field situated in the Mediterranean Sea, off the Egyptian coast.
Houston, Texas, based Apex International Energy, an independent gas and oil exploration and production company, recently signed off on two new concession agreements for oil drilling exploration in Egypt.
The VC4A Startup Academy, an online self-learning tool, now offers African entrepreneurs and investors direct access to individual mentors who can help those launching new businesses in the region.
The Office of the United Nations High Commissioner for Human Rights (OHCHR) raised concerns again on August 30 about the Government of Egypt's ongoing assault on freedom of expression in the country.
Egypt's Ministry of Education and Technical Education (MOETE) and the U.S. Agency for International Development (USAID) held a workshop this week to highlight Workforce Improvement and Skills Enhancement (WISE) project’s efforts to link Egyptian students with the workforce and private sector jobs.
According to a report from Valencia, Spain, based ForwardKeys on airline capacity in Africa, Lagos, Nigeria in particular is showing a significant seat capacity decline in 2017. According to a spokesperson from AviaDev, a major airline route development conference in Africa, this comes directly from the difficulty in bringing revenues back out of the country in 2016.