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.
IFC pays $111m for Morocco’s waste
The IFC approved a €95 million ($111 million) loan for Morocco's OCP Group to build a 22-million-tonne phosphogypsum storage facility…
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…
Newsletter
US-Iran truce sends oil crashing
A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent…
MTN’s MoMo is going super app
MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to…
AfDB backs Arua airport in Uganda
The African Development Bank has approved $180 million to upgrade Uganda's Arua Airport into an…
South Africa braces for June 30
South Africa's police service has activated joint operations in all nine provinces at a projected…