Tag: Egypt
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Leading Fintechs in Pan-African Countries
Fintech funding and market size vary significantly across African countries, with Nigeria, South Africa, and Egypt consistently leading in both venture capital and active market volume, followed by rapidly advancing markets like Ghana, Ethiopia, Senegal, Liberia, Côte d’Ivoire, and Gambia���. Funding Leaders: Nigeria, South Africa, and EgyptNigeria is the continent’s powerhouse, often drawing a third…
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🇪🇬 Egypt: Pharaoh’s tomb reopened after more than 20 years of renovations
One of the largest tombs in Egypt’s Valley of the Kings reopened to visitors on Saturday after more than 20 years of renovation. Amenhotep III ruled between 1390 and 1350 BC and was one of the most prominent pharaohs of ancient Egypt. His reign marked a time of exceptional prosperity and grandeur, during which Egypt…
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🇪🇬 Liberia, Egypt Explore Direct Flights
MONTREAL, CANADA — The Liberia Civil Aviation Authority (LCAA) has opened discussions with senior Egyptian aviation officials on expanding air connectivity and strengthening bilateral cooperation in the aviation sector. The talks, held on the sidelines of the 42nd International Civil Aviation Organization (ICAO) General Assembly in Montreal, brought together LCAA representatives, Egypt’s Minister of Aviation,…
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🌍Africa’s most controversial dam is officially opened
Ethiopia has inaugurated the Grand Ethiopian Renaissance Dam (GERD), a project that has provoked intense regional debates for over a decade. “This dam is a testament to our commitment to harnessing Ethiopia’s resources for the benefit of our people and the region,” Prime Minister Abiy Ahmed said. The dam would stabilize river flows, reduce flooding,…
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🏳️Virtual Gathering: BRICS Summit to Convene Online in September at Brazil’s Request
JOHANNESBURG – The upcoming BRICS summit of emerging economies will be held in a virtual format on September 8, a shift confirmed by India’s Foreign Ministry this week. The online meeting, initiated by Brazil which currently holds the rotating presidency of the bloc, signals a strategic pivot for the group’s first gathering since its historic…
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Electric Vehicle Sales in Africa More Than Doubled, Reaching Nearly 11,000 in 2024
The surge is driven by policy incentives and the growing availability of relatively affordable Chinese-made EVs. Although EVs still account for a small market share (under 1%), sales exceeded 2,000 units in countries like Morocco and Egypt. The IEA’s Global EV Outlook 2025 report highlights how local policies and shifting trade dynamics are reshaping Africa’s…
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Cairo telecom fire injures 14, disrupts internet nationwide
A fire engulfed the main telecom company building in downtown Cairo on Monday, injuring at least 14 people and prompting a temporary outage of internet and mobile phone services, officials said. The 14 injured were taken to nearby hospitals, the Health Ministry said in a statement. A witness told news broadcaster Cairo 24 that two…
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🇪🇬 Scatec signs PPA with Egypt Aluminium for major solar + BESS project
Scatec ASA, a leading renewable energy solutions provider, today signed a 25-year USD-denominated corporate Power Purchase Agreement (PPA) with Egypt Aluminium for a 1.1 GW Solar PV + 100 MW/200MWh BESS project in Egypt backed by a sovereign guarantee. Egypt Aluminium is the largest aluminium producer and industrial electricity consumer in Egypt and exports approximately…
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🇪🇬IMF approves $1.2 billion more for Egypt’s economic recovery
The International Monetary Fund said Tuesday it completed its fourth review of Egypt’s economic reform program approving a $1.2 billion disbursement for the North African country. The IMF said in a statement it completed its fourth review on Monday and Egyptian authorities can immediately draw the funds. The IMF executive board also granted Egypt’s request…
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🇪🇬 Egypt hosts 1.2 million Sudanese, with ‘hundreds’ arriving daily: UN
Hundreds of people fleeing war-torn Sudan arrive in neighbouring Egypt every day, a UN official said Sunday, adding to more than 1.2 million who have found refuge there, according to official figures. The war between rival Sudanese generals since April 2023 has killed tens of thousands of people and displaced more than 11 million, with…
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