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Egypt, China agree to complete work at business district in New Capital
Egypt and China have signed an attachment agreement on completing works at the central business district project in the New Administrative Capital (NAC).
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Egypt’s AOI, Qalaa Holdings sign cooperation protocol to manufacture natural gas cylinders
The Arab Organization for Industrialization (AOI) signed a protocol of cooperation with Qalaa Holdings, while another protocol was signed between ASEC for Manufacturing and Industrial Projects and…
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Egypt supports AfCFTA to achieve economic integration in Africa: FM
Egypt’s Minister of Foreign Affairs Sameh Shoukry Minister noted the great importance Egypt attaches to the success of the AfCFTA agreement
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Egypt-Sudan trade exchange hits $862m in 2020, trade minister
Egypt’s Minister of Trade and Industry, Nevine Gamea, revealed that bilateral trade between Egypt and Sudan reached $862 million during 2020.
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UK aspires to be ‘Africa’s investor of choice’: Boris Johnson
The United Kingdom has expressed its desire to develop its economic relations with African countries, and to become one day the continent’s main investor.
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Africa’s economy shrank by 2.1% in 2020, will grow by 3.4% in 2021: AfDB’s president
Africa’s economy shrank by 2.1 percent in 2020 and is expected to grow by 3.4 percent in 2021 as the global economy recovers from the COVID-19 pandemic and its severe impacts, according to the…
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Intra-African trade rate stands at 18%: AfCFTA secretary-general
The Secretary-General of the African Continental Free Trade Area (AfCFTA), Wamkele Mene, said the rate of intra-African trade represents only 18 percent, compared to 70 percent among Europe's…
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AfDB, EIB ink joint action plan to boost public, private investments in Africa amid COVID-19
The African Development Bank (AfDB) and the European Investment Bank (EIB) have signed a joint partnership action plan aiming to stimulate public and private sector investments in Africa amid the…
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Egypt, Bombardier confirms £1.7 billion deal to build two monorails, financed by UK government
A consortium led by Bombardier Transportation has confirmed on Wednesday a deal with the Egyptian government to build two new monorails thanks to £1.7 billion ($2.3 billion) backing from UK Export…
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AfCFTA delegation visits Egypt’s Suez Canal Economic Zone, Photos
A high-level delegation from the African Continental Free Trade Area (AfCFTA), has visited on Tuesday Egypt’s Suez Canal Economic Zone (SCZone) project located in Ain Sokhna to explore investment…
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