In a first for Africa, Telecom Egypt -- utilizing unique technology provided by Finland-based Nokia -- has successfully deployed the first 200G long distance, single carrier transmission service on the continent.
Egypt Tender and Business News
The Caisse des Dépôts et Consignations du Gabon (CDC Gabon) was granted an EUR 30 million revolving trade financing facility to support the operations of the tenants of the Gabon Special Economic Zone and to provide them with the capacity to export their products.
Egypt will be receiving €214 million in funding from the European Investment Bank (EIB) to support the Kitchener Drain depollution project.
Using the United Nations Children's Fund (UNICEF) as its pass-through agency, the United Kingdom has just authorized a grant of £12 million to support a major educational reform program in Egypt.
Africa earned $36.25 billion in revenue from 62.9 million international visitors in 2016. That's dramatically up from only 17.4 million almost three decades ago, in 1990.
In November, Egypt will switch on the power for an electrical grid pilot project providing 300MW of power to Sudan. That’s just the beginning for its grand plans ahead.
South Africa based Rand Merchant Bank's (RMB) latest rankings of the top places to invest in Africa focused on economic activity and the environment to operate. Surprisingly, despite an increasingly repressive government regime, Egypt has still retained the top spot on the continent.
The Egyptian government just announced a new regulation that is even more restrictive on potential dissidents in the country.
The Off-Grid Energy Access Fund (OGEF) just received a total of US $58 million from the Nordic Development Fund, the African Development Bank, the Shell Foundation of the Netherlands, and other partners.
Egypt is providing a grant to build a new 4 MW solar power plant in Uganda. When finished, it will be the third largest power station in Uganda.
On August 12, Egypt’s Giza Criminal Court pronounced life sentences against Muslim Brotherhood leader Mohamed Badie, Essam al-Erian, group spokesman for the local Muslim Brotherhood, and senior member Mohamed El-Beltagy for incitement of violence.
Egypt, the United States and other countries just completed the recent multilateral military training exercise Eagle Response 18.
The Fayoum Governorate in Egypt has just received the first financing arrangement for EUR 126 million (out of a total final support authorized of EUR 172 million) from the European Investment Bank to improve wastewater infrastructure and improve sanitation services.
Effective in August, the government of Egypt plans to raise natural gas prices by between 33.3% and 75% starting in August.
On July 17-18, the European Bank for Reconstruction and Development and the Food and Agriculture Organization of the United Nations (FAO) held two workshops on "Grain Market Data Availability and Quality in Egypt" and "Supply Chain Efficiency & National Food Security".
Egypt may claim it is just protecting against terrorism, the truth is authorities there are more often using state-of-emergency laws and courts to unfairly prosecute journalists, critics, and activists in the country, according to recent reports from Human Rights Watch.
Egypt-based Afreximbank just signed a Grant Agreement with the Trade Finance operations part of the African Development Bank. The purpose of the Grant is to support the development on the continent of factoring, a form of debtor finance in which a business sells its accounts receivable invoices to a third party (called a factor) at a discount.
The Egypt-based African Export-Import Bank (Afrexemibank) has authorized a $650 million loan for a new oil refinery project in Nigeria.
The Africa Energy Market Place (AEMP) had its first meeting during the first week of July 2018, in Cote d'Ivoire. It was organized as a two-day workshop to discuss technical, commercial, regulatory and financial issues in the rapidly-growing Energy market in Africa.
According to the new 2018 Africa Risk-Reward Index from London-based Control Risks and Oxford Economics, West African economies are seeing improved risk-reward scores this year. The underlying reasons for this are increased political stability in the region, effetive public economic reforms, and rising commodity prices.
As Africa's emerging technology ecosystem grows, innovation and entrepreneurship are taken on a bigger role. Innovation hubs in particular have been a major force for the existing major hubs in Kenya, Nigeria and South Africa, and the same model is proving equally important in the emerging tech centers on the continent.
An $8 billion project to transform the landscape of Africa and restore drought-stricken areas has started and yet most of the world does not know of it. It is the Great Green Wall for the Sahara and Sahel Initiative, and involves the planting of a wall of trees over 7,600 kilometers long.
Clarivate Analytics of Philadelphia is launching the first Arabic Citation Index (ARCI), thanks to a parntership with the Egyptian Knowledge Bank (EKB), the Egyptian government's digital library and online knowledge hub.
The Newton-Mosharafa Fund, a UK-Egypt partnership which helps provide funding for scholarships, research projects and entrepreneurial backing for scientists, is launching its latest tour across Egypt to encourage applicants.
Kuala Lumpur-based iflix, a major streaming entertainment service for emerging markets, just announced it has established a new exclusive partnership with Vodafone Egypt to offer subscribers unlimited access to iflix's entertainment programs for just EGP 1 per day.