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Tag: Egypt
Stellantis Strengthens Commercial Vehicle Position in Middle East & Africa Despite Market Decline
Stellantis maintained a strong position in the Middle East & Africa region in Q2 2026, increasing market share despite a challenging automotive market. The company reported regional growth driven by Türkiye, Algeria and commercial vehicle leadership.
Coface: Could a new inflationary shock cause lasting damage to African economies?
Coface highlights how Middle East tensions and disrupted supply chains could trigger a new inflationary shock, affecting African economies unevenly. Oil importers face rising inflation, while commodity exporters may benefit from higher prices amid slower global growth forecasts.
Africa’s Hotel Boom: 104K Rooms in Pipeline, But Can Procurement Keep Pace?
Africa’s hospitality sector is expanding rapidly with 577 hotel and resort projects totaling over 104,000 rooms in development across key markets including Egypt, Nigeria, Kenya, and South Africa. As the pipeline grows, procurement challenges around FF&E sourcing, logistics, and cost control are becoming critical. Industry leaders highlight a shift toward modular solutions, local manufacturing, and integrated technologies such as AI-driven energy systems and smart hotel infrastructure. The upcoming Hotel & Hospitality Expo Africa in Cape Town will connect suppliers and developers to address these challenges and support sustainable growth across the continent.
African Unicorns 2026: Africa’s Billion-Dollar Startups and Latest Valuations
Africa’s 2026 unicorn landscape includes Flutterwave, OPay, Wave, Tyme Group, MNT-Halan, Moniepoint and other billion-dollar private technology companies. Here are their latest known valuations and what those figures actually mean.
Africa Tech Summit Nairobi Unveils 12 Investor-Ready Ventures for 2026 Showcase
Africa Tech Summit Nairobi has revealed 12 investor-ready African startups set to showcase at its 2026 Investment Showcase in Nairobi. Spanning fintech, Web3, healthtech, climatetech, agritech, and AI, the selected ventures highlight Africa’s next wave of scalable, impact-driven innovation attracting global investors and partners.
Rixos Hotels Egypt Celebrate Never-Ending New Year 2026 Festivities in Sharm El Sheikh & Hurghada
Rixos Hotels Egypt presents Never-Ending New Year 2026 Celebrations along the Red Sea in Sharm El Sheikh and Hurghada. Guests can enjoy live concerts, DJ shows, sunset performances, and luxury seaside festivities, including exclusive performances by Ivi Adamou, the Gypsy Kings, and headline DJs, creating an unforgettable festive experience.
Hatch spearheads essential dialogue on Africa’s Energy Transition at the Africa Energy Indaba 2025
Hatch, a leader in Africa’s energy sector, participated in the Africa Energy Indaba 2025, spearheading critical dialogue on balancing Africa’s energy development and transition. Peter Viljoen, Hatch’s Regional Director for Energy, highlighted the complexities of Africa’s energy future, focusing on equitable electrification, renewable energy, and the economic potential of sustainable power systems.
Egypt’s Digital Issuing Revolution – Apple Tokenisation Drives Interest
Egypt’s digital payments landscape is transforming, driven by Apple Pay tokenisation and a surge in mobile-first financial products. Norman Frankel shares market insights following his visit, highlighting Cairo’s contrast of heritage and innovation and the rapid fintech adoption reshaping banking and consumer behavior.
Hotel Development in Africa Surges, Led by Egypt and Marriott
Africa’s hotel development is booming, driven by Egypt’s leadership and Marriott’s major growth. With 577 hotels and over 100,000 rooms in the pipeline, the continent sees strong growth in both North and Sub-Saharan Africa, with a focus on resorts and a shift toward franchise models.
