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AfricaBiz

Africa Business News

Egypt Tender and Business News

Head of Egypt's Muslim Brotherhood Sentence to Life in Prison

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.

Fayoum Wastewater Expansion Project Receives EUR126M from EIB

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.

Egypt Cracks Down on Dissidents Calling It Counter-Terrorism

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.

African Development Bank Signs Grant Agreement for Afreximbank to Develop Factoring

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.

Africa Energy Market Place Debuts in Cote d'Ivoire

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.

Control Risks Says Risk-Reward Profiles are Improving for West African Economies

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.

Innovation Hubs Proving Reliable Way to Stimulate Tech Economy in Africa

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.

iflix Announces Exclusive Streaming Deal with Vodafone Egypt

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.

Eni Announces Oil Discovery on A-2X Prospect in Egypt

Italian energy company Eni just announced it has discovered oil in the Egyptian Western Desert, 103 kilometers north of the oasis of Siwa. It is located on the A-2X exploration prospect located in South West Meliha license.

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