Egypt and China signed an agreement to conduct a feasibility studies for the USD 64 mn NileSat phase two project, Al Masry Al Youm reports. China will provide a USD 23 mn grant to establish a Satellite Assembly, Integration and Test Centre as part of the project. Another agreement was signed for a USD 7 mn Chinese grant to fund a technical education center at the Suez Canal Economic Zone.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…