Tag: Egypt

Egyptian billionaire Naguib Sawiris, one of Africa's richest individuals.

Egyptian billionaire Naguib Sawiris’ net worth hits $11.3 billion as $400 million flows into gold

Egyptian billionaire Naguib Sawiris boosts wealth to $11.3 billion as $400 million flows into gold, strengthening his mining portfolio.

Omokolade Ajayi May 4, 2026

Business Hot News

Egypt increases gas prices for industries as energy costs fluctuate

Egypt raises natural gas prices for key industries as it adjusts subsidies and manages rising energy import costs under IMF program.

Omokolade Ajayi May 4, 2026

Nokia launches Cairo hub to drive growth across Africa and Middle East

Business Technology

Nokia opens Cairo hub to expand operations across Africa and Middle East

Nokia is expanding its presence in Egypt, choosing Cairo as the base for a new regional operations hub that will support customers across the Middle East and Africa. The decision comes as telecom companies face rising demand for stronger networks, faster response times and more reliable digital services. Growth in 5G, wider cloud adoption and heavier data use are pushing…

Oluwatosin Alao April 27, 2026

Billionaires Business Hot News

Egyptian billionaire Nassef Sawiris closes London family office after UK exit

Egyptian billionaire Nassef Sawiris winds down London family office after UK exit amid tax reforms and relocation to Abu Dhabi and Italy.

Omokolade Ajayi April 24, 2026

Customer making a payment with Lucky card and POS terminal in Egypt.

Hot News Technology

Egypt’s fintech Lucky raises $23 million, eyes North Africa expansion

Egypt fintech Lucky raises $23 million to expand into North Africa, scale consumer credit, and invest in technology and infrastructure.

Omokolade Ajayi April 8, 2026

Egypt, Jordan boost SME ties to grow trade, investment, exports

Business Technology

Egypt, Jordan boost SME support, deepen trade ties across region

Egypt and Jordan are stepping up efforts to support small businesses and expand trade, as both countries look to open new channels for investment and strengthen economic links across the region. The push brings together two key institutions — Egypt’s Micro, Small and Medium Enterprise Development Agency (MSMEDA) and the Jordan Enterprise Development Corporation (JEDCO) — at a time when…

Oluwatosin Alao April 6, 2026

Business Hot News

Egypt raises electricity prices as energy costs surge

Egypt raises electricity prices for heavy users as energy import costs surge, while shielding lower-income households from tariff increases.

Omokolade Ajayi April 6, 2026

Business Hot News

Egypt to pay $1.3 billion in oil company arrears by June amid energy crunch

Egypt plans $1.3 billion arrears payment to international oil firms by June, easing energy strains and boosting investor confidence.

Omokolade Ajayi March 23, 2026

Egypt FRA approves Al Ahly Green Agricultural Investment Fund Company

Business Technology

Egypt’s FRA approves first private equity fund for agriculture

Egypt is expanding investment opportunities to support productive sectors of its economy. The Financial Regulatory Authority (Egypt) has approved the establishment of the Al Ahly Green Agricultural Investment Fund Company. The approval marks the country’s first private equity fund dedicated primarily to agriculture. Officials say the initiative reflects growing investor interest in sustainable food production and long-term economic opportunities. The…

Oluwatosin Alao March 8, 2026