Tag: Egypt

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

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 Oluwatosin Alao
Egyptian billionaire Nassef Sawiris.
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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 Omokolade Ajayi
Customer making a payment with Lucky card and POS terminal in Egypt.
Hot NewsTechnology

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 Omokolade Ajayi
Egypt, Jordan boost SME ties to grow trade, investment, exports
BusinessTechnology

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 Oluwatosin Alao
BusinessHot 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 Omokolade Ajayi
BusinessHot 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 Omokolade Ajayi
Egypt FRA approves Al Ahly Green Agricultural Investment Fund Company
BusinessTechnology

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 Oluwatosin Alao
BusinessHot News

UAE’s Mubadala Energy acquires 15% stake in Egypt’s Nargis offshore field

Mubadala Energy buys 15 percent of Egypt’s Nargis offshore field, strengthening its gas presence in the Eastern Mediterranean.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Egypt backs Russia-led BRICS grain exchange, expands trade ties

Egypt deepens ties with Russia, backing a BRICS grain exchange while expanding energy, trade, and investment cooperation across key sectors.

Omokolade Ajayi Omokolade Ajayi
Omar Khairy
BusinessExclusive

Egyptian entrepreneur Omar Khairy unveils RIGA Holding’s 2026 projects in Sao Tome, Senegal, Mozambique and others

Egyptian entrepreneur Omar Khairy unveils RIGA Holding’s 2026 projects in Sao Tome, Senegal, Mozambique, and across sub-Saharan Africa.

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The trains themselves meet international standards, offering speed, comfort, and reliability for passengers.
BusinessTourism

Egypt unveils high-speed rail plan to lift tourism

At a Glance Egypt is moving swiftly to modernize its transport infrastructure with a landmark 15-year contract to operate a high-speed electric train network, a move that could reshape both tourism and trade across the country. Signed in November in Cairo, the agreement pairs the National Authority for Tunnels with a global consortium led by Deutsche Bahn International Operations and…

Oluwatosin Alao Oluwatosin Alao
McDonald’s
ExclusiveTourism

McDonald’s in Africa: African countries with McDonald’s restaurants

McDonald’s adapts to local tastes and economies in Morocco, Egypt, South Africa, and Tunisia with growing impact beyond fast food.

Omokolade Ajayi Omokolade Ajayi