UAE investments in Egypt slightly went up in 2018 to reach $6.66 billion compared to $6.513 billion in 2017. The figures were disclosed by UAE ambassador to Cairo Gomaa Mubarak al-Junaibi during the fourth meeting of the UAE investors in Egypt. With a total of $6.66 billion investment last year, the UAE stands out as […]
Oslo Stock Exchange-listed energy company, Scatec Solar, has commissioned a 65-megawatt photovoltaic power plant within the Benban complex in eastern Egypt. According to local media, the Norwegian company is preparing to build five additional power plants, with a total capacity of 400 MW, as part of this solar megaproject in the North African nation. The […]
The European Investment Bank has formally agreed a total of €495 million of new financing for three projects to support sustainable transport, clean energy and internet access projects in North, West and East Africa. The three projects, signed at the summit attended by heads of state and government from across Africa and Europe, earlier this […]
Egypt and South Africa have officially put in bids to host the next African Cup of Nations, the continent’s football body said. Cameroon has been stripped of the rights to host the 2019 Africa Cup of Nations earlier this month, with CAF saying that Cameroon has been unable to complete the necessary logistics. CAF also […]
Egypt’s president, AbdelFattah al-Sisi on Monday unveiled plans to promote intra-African trade when he takes over as chair of the African Union next year. Egypt has hosted a high-level business forum on Saturday and Sunday with a focus on exchanges between countries on the continent. President Sisi in a speech during the forum encouraged investors […]
Morocco has emerged as the likely candidate to host next year African Cup of Nations (AFCON) after Cameroon was robbed off the rights to stage the event. A source told Huffpost Morocco that the Moroccan Football federation (FRMF) is willing to host the competition but is waiting for the government’s approval to bid. The North […]
About nineteen jihadists allegedly linked to the anti-Coptic attack in Egypt, last Friday, were killed in an exchange of gun shots, the Interior Ministry announced. According to a statement released on Sunday, 19 alleged jihadists were found following the pursuit of the terrorists involved in the attack against Coptic Christians on Friday. Seven people were […]
German Chancellor Angela Merkel this week met 11 African heads of state, international organizations and corporate leaders to promote a program launched last year to encourage private investment in Africa. The G20 Compact with Africa was open to all African countries but so far only 11 have joined: Benin, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Guinea, […]
Kenya Airways’ inaugural flight to the United States has landed at the John F. Kennedy International Airport on Monday, completing a historic flight that will shave up to seven hours off the tortuous journey that usually involves long layovers in Europe or the Middle East. Kenyan President Uhuru Kenyatta and some government officials were at […]
The Madagascar national football team, nicknamed Barea, on Tuesday qualified for the first time to play in the African Cup of Nations, AFCON. The team became the first to join host Cameroon in the tournament scheduled for 2019. Tuesday’s game was Madagascar’s 20th attempt to qualify for the African Cup. After nearly 50 years of […]
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