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World Bank downgrades our GDP growth for FY 23/24 to 3.5%
Economic growth could be further hit by the extension of a regional conflict.
More players can set up investment funds. PLUS: Funds for Takaful and Karama, Italian interest in our food sector, new investments from Cairo 3A
MSME finance and consumer finance companies can now set up investment funds
Gov’t to launch pilot mandatory carbon market in 1Q 2024
The World Bank is working alongside the Environment Ministry to get the market off the ground
Egypt to survey land plots for new renewable energy projects. PLUS: Recycling phones, more hotels, and an airline returns to Egypt.
MORE SOLAR + WIND PROJECTS? The New and Renewable Energy Authority (NREA) will run studies on the suitability of almost…
World Bank to help localize climate-friendly agritech in Egypt + An African PE outfit wants a stake in a local pharma firm
GREEN FARMING- The World Bank will help Egypt localize climate-friendly agritech. (International Cooperation Ministry statement) PHARMA M&A- Rwanda-based private equity…
World Bank downgrades Egypt growth outlook + says MENA is on an “unacceptably low” growth path
Egypt growth to slow to 3.7% this fiscal year, MENA as a whole will slow to 1.9% in 2023
World Bank appoints new country head for Egypt,Yemen + Djibouti
Stephane Guimbert has worked at the World Bank for 22 years and arrives in Cairo after serving as its operations…
El Sisi in diplomatic overdrive at G20 summit in New Delhi
Global food security and migration were on the agenda at a mini Africa-EU summit and talks between El Sisi and…
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