Egypt
Egypt business news from Cairo and Alexandria. Suez Canal updates, energy projects, North African trade, and investment intelligence from the Arab world’s largest economy.
Morocco’s OCP makes Africa’s first dollar hybrid bond
Morocco's OCP Group raised $1.5 billion through Africa's first US dollar corporate hybrid bond, 4.6 times oversubscribed with $7 billion…
Egypt opens Africa’s longest monorail line
President Sisi inaugurated the 56.5km East Nile Monorail on March 20, connecting Cairo Stadium in Nasr City to the New…
Nigeria’s gas is finally heading to Europe
After fifty years of studies, MoUs, and false starts, the Trans-Saharan Gas Pipeline has a technical team on the ground…
Egypt raised $604m in tech funding in 2025
Egypt raised $604 million across 100 deals in 2025, a 37% year-on-year increase, ranking third in Africa by both funding…
Newsletter
Airtel Africa profit triples to $813m as data beats voice
Airtel Africa reported FY2026 profit after tax of $813 million, up 147%, on revenue of…
Safaricom FY2026: record KSh80bn dividend, profit up 67%
Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a…
South Africa unemployment hits 32.7% as 345,000 jobs lost
South Africa's unemployment rate rose to 32.7% in Q1 2026 from 31.4% in Q4 2025…
Dangote picks Mombasa for $17bn East Africa refinery
Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…