Tag: Egypt

The European Investment Bank (EIB)
BusinessTechnology

EIB commits $90 million to Egypt solar project, boosting Africa’s clean energy

Egypt’s $650 million Dandara solar project secures $90 million from the EIB to power EgyptAlum and strengthen cleaner aluminium exports.

Oluwatosin Alao Oluwatosin Alao
EIB
BusinessInvestments

EIB commits $37.5 million to fund African small businesses

The European Investment Bank commits $37.5 million to a $130 million Egypt fund targeting business expansion, financing and job creation.

Oluwatosin Alao Oluwatosin Alao
Egyptian billionaire Hisham Talaat Moustafa
BillionairesBusinessHot News

Egyptian billionaire Hisham Talaat Moustafa seals $202B mega-deal to build cities

Hisham Talaat Moustafa’s TMG has secured a historic EGP11 trillion ($202.3 billion) state deal to develop four mixed-use megaprojects across Egypt.

Omokolade Ajayi Omokolade Ajayi
IHG plans 28 more hotels in Egypt as Crowne Plaza signs Cairo deal
TourismBusiness

IHG plans 28 more hotels in Egypt as Crowne Plaza signs Cairo deal

IHG has 28 hotels in its Egyptian pipeline as it signs a deal for a 250-room Crowne Plaza property in New Cairo, opening in 2031.

Oluwatosin Alao Oluwatosin Alao
Egyptian entrepreneur Mounir Nakhla
FintechEntrepreneursMarkets

Egyptian entrepreneur Mounir Nakhla drives MNT-Halan to Egypt’s biggest IPO since 2021

Mounir Nakhla leads MNT-Halan toward a $150 million IPO on Egypt’s stock exchange, marking the market’s largest listing in dollar terms since 2021.

Omokolade Ajayi Omokolade Ajayi
Alcazar Egypt
EnergyLatest

World Bank considers $120 million investment in Egypt’s 580MW Gabal El Zeit wind farm

World Bank’s coprivate sector arm, IFC, considers $120 million financing for Alcazar Energy’s acquisition of Egypt’s 580MW Gabal El Zeit wind farm.

Feyisayo Ajayi Feyisayo Ajayi
Pharco Pharmaceuticals
BusinessHot News

Egypt’s Pharco to start $49 million Saudi drug plant by mid-2027

Pharco Saudi drug plant begins production in mid-2027 as Egypt's drugmaker expands manufacturing and weighs two African factories.

Timilehin Adejumobi Timilehin Adejumobi
Accor sets sights on 25,000 new hotel rooms across Egypt
TourismBusiness

Accor sets sights on 25,000 new hotel rooms across Egypt

Accor plans to add 25,000 hotel rooms in Egypt within three years, expand its brands and support hospitality training through a new academy.

Oluwatosin Alao Oluwatosin Alao
Beltone Holding
BusinessHot News

Egypt’s Beltone Holding profit falls 50% to $12.9 million despite revenue surge

Beltone Holding’s first-half profit fell 50 percent to $12.9 million despite revenue rising 125 percent to $283.4 million.

Omokolade Ajayi Omokolade Ajayi
Egyptian mobility company Swvl Holdings Corp
BusinessHot News

Egypt’s Swvl raises $13 million in investment led by Sawiris-backed Coefficient

Swvl raises $13 million, led by Sawiris-backed Coefficient, as the Egyptian mobility company expands its U.S. operations.

Omokolade Ajayi Omokolade Ajayi
Egypt turns to alternative energy sources to meet demand after gas attack
Global NewsBusiness

Egypt turns to alternative energy sources to meet demand after gas attack

Egypt secures alternative energy supplies after a drone attack damaged a gas vessel, assuring fuel reserves and stable electricity during peak demand.

Oluwatosin Alao Oluwatosin Alao
Ali Dayekh
BusinessHot News

Meet Egypt’s businessman, Ali Dayekh, with shares worth over $150 million on EGX

Egypt's businessman, Ali Dayekh holds over $150 million in EGX shares, with major stakes in banking, distribution, and investment firms.

Feyisayo Ajayi Feyisayo Ajayi