Category Archives: Egypt News
The Islamic Corporation for the Development of the Private Sector and Alfa Solar Co. to part-fund the development, construction and operation of a 50 megawatts solar PV project in Egypt
USAID’s program in Egypt, totaling nearly $30 billion since 1978, promotes a healthy, educated, and employed population
Egypt launched a reform program when its economy faced rising imbalances that led to high public debt, a widening current account deficit, and declining official reserves
Unlocking Solar Capital Africa conference features first Solar Power Incubator to Unlock Potential of Energy in the Region
Solaplaza’s (www.Solarplaza.com) ‘Unlocking Solar Capital Africa’ conference, an event focused on connecting solar project development and finance & investment, will be the first African event featuring a Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing access to funding, and commercial and technical knowledge.
Alexandria, Home to Global Technology Summit for the Third Consecutive Year
AfriLabs; The largest pan-African network of over 60 technology and innovation hubs across 25 African countries is holding its 2017 Annual Gathering taking place from the 18th – 20th of October in Egypt hosted by AfriLabs member hub The District in partnership with Hivos.
According to preliminary information of market participants, Ukraine exported 808.7 KMT of wheat in July 2017/18 or 11% more than at the same time last year (727.5 KMT in July 2016). So, its exports set a new record for this month, reports UkrAgroConsult.
IMF Executive Board Completes First Review under the Extended Fund Facility (EFF) with the Arab Republic of Egypt
The completion of the review allows the authorities to draw the equivalent of SDR 895.48 million (about US$1.25 billion), bringing total disbursements to SDR 2,865.53 million about US$4 billion
Despite worldwide changes, multinationals focus on mobile workforces to support career growth and ensure global competitiveness
Mercer’s annual Cost of Living Survey finds African, Asian, and European cities dominate the list of most expensive locations for working abroad
Africa presents a mixed foreign direct investment (FDI) picture – EY Africa Attractiveness report. Egypt, Kenya, Morocco, Nigeria and South Africa (the key hub economies) collectively attracted 58% of the continent’s total FDI projects in 2016. Investment from the Asia-Pacific region into Africa hit an all-time high in 2016. According to EY’s (http://EY.com) latest Africa Attractiveness report, heightened geopolitical uncertainty and “multispeed” growth across Africa present a mixed FDI picture for the continent.
Following a meeting with Egypt’s President Abdel Fattah El Sisi in Washington today, Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement:
“President Sisi and I discussed the progress of Egypt’s economic reform program supported by the IMF’s $12 billion Extended Fund Facility arrangement.