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NERIC eyes production of electric locomotives by end of 2022
NERIC to begin electric locomotive production by year-end: The National Egyptian Railway Industries Company (NERIC) will begin manufacturing electric locomotives…
More moves from the central bank to ease in new import rules + Nafeza trials for air freight to start soon
CBE teams up with Credit Guarantee Company to help banks cover risk when issuing letters of credit to importers: The…
Digital Africa will invest in 200 African startups over the next three years
France-backed initiative to fund 200 African startups by 2025: French government-backed initiative Digital Africa will turn to a forprofit model…
Diesel refinery gets USD 1.5 bn financing + lots of other energy news from Egyps
Several of Europe’s biggest banks are providing us with USD 1.5 bn to finance the construction of the new mazut…
How viable is battery storage as a solution to Egypt’s electricity oversupply problem?
Egypt is exploring the potential of energy storage through batteries to combat our electricity oversupply problem: As Egypt continues to…
Gov’t issues tariffs for EV charging
We officially have EV charging tariffs: The Electricity Ministry has set the tariffs motorists will pay to charge EVs in…
Old Mutual makes a bid for Lekela as Actis plots exit
Pan-African financial services outfit Old Mutual is bidding for Actis’ 60% stake in Lekela Power through its African Infrastructure Investment…
El Sisi signs fintech and unified budget acts into law
Fintech Bros, pay attention here: President Abdel Fattah El Sisi has ratified the Fintech Act, which regulates robo-advisory, nano-finance, insurtech,…
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