Day: November 13, 2023

Infinity Power, a joint venture between Egypt’s Infinity and UAE’s Masdar, announced today the signing of a 20-year Capacity Change Agreement with Senelec, Senegal’s national electricity company to supply 40MW through a battery energy storage system (BESS). The system will enable Senelec to stabilise the nation’s electricity grid and pave…

The Head of the Environmental Compliance and Sustainable Development Office at the Federation of Egyptian Industries Sherif al-Gabaly revealed on Sunday that Egypt is contemplating trade exchange through the barter system with several countries to ease the demand on hard currency. The matter is currently being studied, especially with the…

Al Marasem Development proudly presents its latest masterpiece, Mar Ville, a truly integrated project nestled in the pristine new Sheikh Zayed City – spanning 111 acres and garnering investments worth EGP 24 billion – designed by the renowned “Architecture Studio”, an international French office boasting over four decades of expertise…

The outstanding balances of local treasury bills (T-bills) and bonds (T-bonds) reached approximately EGP 4.961trn by the end of September 2023, according to the latest report published on the Egyptian Ministry of Finance website. This includes EGP 2.605trn in treasury bills and EGP 2.355trn in bonds. The report shows that…

Benedict Oramah, President of African Export-Import Bank (Afreximbank) announced the launch of the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS). This project is a bold step towards improving the competitiveness of cross-border trade as we announce the historic issuance of the first-ever multi-border transit bond in the Continent and the…