Egypt
Business, investment and infrastructure from Egypt, with the deals, numbers and policy shifts that move the market.
Latest from Egypt
Morocco reclaims BMCI from BNP Paribas
Morocco’s Holmarcom Finance Company signed an agreement on April 29 to acquire BNP Paribas’s full 67% stake in BMCI, one of Morocco’s largest banks, in a deal expected to close Q4 2026. Financial terms were not…
Egypt’s FDI hits $9.3bn, economy grows
Egypt’s net FDI reached $9.3 billion in H1 FY2025/26 (July to December 2025), up 55% from $6 billion a year earlier. The economy grew 5.3% in the…
OCP backs $150m Africa agro-industrial fund
Morocco’s OCP Group and France’s Bpifrance launched the $150 million Seed of Africa Investment Fund at the Africa Forward Summit in Nairobi on May…
$25bn Nigeria-Morocco pipeline deal locks in
Nigeria and Morocco will sign an intergovernmental agreement in Q4 2026 for the $25 billion African Atlantic Gas Pipeline, a 6,900-kilometre route…
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 at Jorf…
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 in demand…
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 Administrative Capital. Fully…
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 in Niger this week.…
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 and deal count. Its…
Morocco’s $23bn World Cup investment opens to Spain, Portugal
The Morocco-Spain-Portugal Business Forum on the 2030 FIFA World Cup opened in Salé in February, as Morocco’s total World Cup-linked infrastructure…
Egypt is in Africa, not Asia
Egypt is an African country. Its entire landmass sits within Africa. The confusion stems from the Sinai Peninsula, a small slice of Egyptian…
Egypt Joins the World’s Top Nuclear Builders with a $28.75bn, 4-Reactor Bet
Egypt has emerged as one of only a handful of countries actively building four nuclear reactors simultaneously, placing it alongside India and…