News
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Egypt remains Africa’s largest FDI recipient in 2025 as investments reach $15 billion
FDI inflows to Africa reached about $70 billion in 2025, below the exceptional $94 billion recorded in 2024.
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Egypt’s Renewables Capacity Reaches 9.5 GW, Targets 11.2 GW by End 2026
The installed renewable energy capacity comprises 2,982 MW of hydropower, 3,500 MW of solar energy, and 3,034 MW of wind energy.
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Visa positions Egypt at the center of its CEMEA mobile-first strategy
Cashless transactions are up 45% y-o-y, according to the CBE, but cash still runs 60-70% of transactions here.
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Egypt, ABB explore increasing exports, local components usage, and solar energy
ABB Egypt, a subsidiary of Swedish-Swiss technology solutions multinational corporation ABB, is planning to expand exports of its locally made product
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Egypt reviews pharmaceutical strategy, steps up localisation of biologic medicines
With particular emphasis on localising the manufacture of biologic medicines to strengthen drug security and reduce reliance on imports.
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Shakira to perform at Pyramids of Giza in Egypt
Shakira is set to return to Egypt for the first time in almost two decades with a concert at the Pyramids of Giza on Nov. 28.
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EY eyes expanding consulting footprint in Egypt
The meeting focused on EY's plan to deliver a comprehensive portfolio of services from Egypt, including business.
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PM Madbouly reviews progress of Ras El Hekma megaproject with Modon Holding
The development is expected to maximise investment and economic development opportunities along Egypt’s North Coast.
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FRA issues 10 new non-banking financial activities licenses
These are firms that provide financial services outside the traditional banking system, such as leasing, insurance, consumer finance, and BNPL.
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Egypt expands wastewater treatment network to 621 plants with 19 million cubic metres daily capacity
The expansion included the construction of 236 new wastewater treatment plants, including 47 tertiary treatment facilities.
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Egypt June inflation seen climbing to 15.1%, Reuters poll shows
This was calculated from a poll of 17 analysts, with forecasts ranging from 14.5% to 16.1%.
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SCZone Chairman stresses vocational education as key to sustainable industrial investment
Involving investors in identifying training needs is essential to ensuring that graduates’ skills match the current/future requirements of factories.
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Egypt to deploy solar power on 7,000 factories
The initiative by the Industry Ministry will have a total capacity of 1,000 megawatts (MW) within two years.
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GUPCO Announces the Commissioning Phase 2 of the North Safa Field
Current production from the North Safa field amounts to about 15,000 barrels per day (bbl/d) through five producing wells.
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Al-Sisi reviews Egypt’s 2026-2030 industrial strategy
Egypt has 7 priority industries: ready-made garments, textiles, food processing, pharmaceuticals, automotive, electrical, engineering and electronics.
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Coca-Cola HBC Selects Egypt as Digital Hub for 27 Markets
This is with plans to employ 450 professionals by 2027 and generate an estimated USD 34 million in annual digital exports.
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New Waterway Regulations Introduce Fines of Up to EGP 500,000
The updated regulations impose tougher penalties for unlicensed vessels, illegal construction and pollution.
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Greater Cairo leads Africa’s hotel development pipeline: W Hospitality Group
Its pipeline includes 80 hotel projects comprising approximately 16,400 rooms, led by major international operators.
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EY MENA Chooses Egypt for Regional IT Outsourcing Delivery Center
EY MENA’s investment further strengthens Egypt’s position as a competitive outsourcing destination supported by a strong engineering talent base.
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Egypt reviews emergency medical fund strategy, expands support for rare diseases
The meeting also discussed the fund’s financial position and reviewed its draft budget for the 2026/2027 fiscal year.