{"id":662516,"date":"2025-03-18T00:00:00","date_gmt":"2025-03-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/18\/aliexpress-expands-local-payment-options-to-include-egypt\/"},"modified":"2025-03-18T00:00:00","modified_gmt":"2025-03-18T00:00:00","slug":"aliexpress-expands-local-payment-options-to-include-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/18\/aliexpress-expands-local-payment-options-to-include-egypt\/","title":{"rendered":"AliExpress expands local payment options to include Egypt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">RETAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Glob<\/strong><strong>al online retail marketplace AliE<\/strong><strong>xpress expanded its local payment options to <\/strong><strong>include Egypt<\/strong>, among several other African countries like South Africa, Algeria, Ethiopia, Morocco, and Tanzania, effective March of this year, the company said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/aliexpress-elevates-online-shopping-in-africa-with-more-local-payment-options-cn9s0brb\" style=\"\" rel=\"noopener\">statement<\/a>. \u201cWe recognize that cross-border online shopping can be overwhelming due to payment and logistics complexities. Our commitment is to simplify these processes, making global e-commerce more accessible and enjoyable for consumers in this vibrant market,\u201d AliExpress Business Director Bonny Zhao said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Many of us will be hoping that other foreign companies will follow AliExpress\u2019 lead<\/strong>, with numerous streaming services, online stores, and essential subscription-based workplace services still not accepting EGP payments. The pre-EGP float economic climate made it incredibly difficult to repatriate earnings outside of Egypt, but with the EGP proving to be more stable than many had feared, inflation now under control, and the easing of many barriers complicating exchanging EGP for FX, many are hoping the lack of EGP payment options will soon be a thing of the past.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">M&A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Elsewedy<\/strong><strong> Electric upped its stake in subsidiaries Pyramids for Industrial <\/strong><strong>Development (PID) <\/strong><strong>and Pyramids Zona Franca (PZF). <\/strong>It now holds an indirect 100% ownership in PID, up from 50%, and 93% in PZF, up from 47%, <a target=\"_blank\" href=\"https:\/\/x.com\/AlArabiyaBN_EG\/status\/1901528932094009404\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> reported. The transactions \u2014 executed through Elsewedy Utilities \u2014 are valued at EGP 1.15 bn, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1324.pdf\" style=\"\" rel=\"noopener\">financial statement (pdf)<\/a>. The move is expected to \u201callow the group to strengthen its presence in the industrial real estate development sector, expanding its portfolio and market reach,\u201d the document reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">RENEWABLES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arabian Cement to purchase clean energy from IRSC: <\/strong>Local renewables player IRSC has signed a 30-year Power Purchase Agreement with the Arabian Cement Company (ACC) to supply it with \u201cclean, reliable electricity generated from renewable sources,\u201d according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/irsc-signs-power-purchase-agreement-with-arabian-cement-company-to-provide-clean-energy-dcureihq\" style=\"\" rel=\"noopener\">press release<\/a>. IRSC will develop, finance, construct, own, maintain, and operate the second phase of ACC\u2019s solar plant under the agreement. The plant will have a total capacity of 17.6 MWp to generate some 32.5 GWh of energy annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not IRSC\u2019s first venture into the cement industry: <\/strong>IRSC partnered with Misr Beni Suef Cement in January to launch a <a target=\"_blank\" href=\"https:\/\/irs-c.com\/%f0%9d%90%88%f0%9d%90%91%f0%9d%90%92%f0%9d%90%82-%f0%9d%90%9f%f0%9d%90%a8%f0%9d%90%ab-%f0%9d%90%91%f0%9d%90%9e%f0%9d%90%a7%f0%9d%90%9e%f0%9d%90%b0%f0%9d%90%9a%f0%9d%90%9b%f0%9d%90%a5%f0%9d%90%9e\/\" style=\"\" rel=\"noopener\">solar project<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ACC is upping its green efforts<\/strong>, most recently securing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2cbeb7d8-ede0-4f63-a3c3-4d5881576907\" style=\"\" rel=\"noopener\">EUR 25 mn financing package<\/a> from the EBRD to expand its use of alternative fuel and improve energy efficiency, reducing some 130k tons of emissions annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STARTUPS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GB Co<\/strong><strong>rp\u2019s <\/strong><strong>venture cap<\/strong><strong>ital arm GB Ventures plans to invest up to USD 1 mn in three to <\/strong><strong>five startups this year <\/strong>as part of its expansion plan across the Middle East and Africa, GB Corps\u2019 Corporate Venture Capital Manager Nada Shaheen told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/03\/16\/1875632\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The first investment will go toward a local automotive startup this quarter, Shaheen said. Future investments will focus on startups operating in the fintech, logistics, and automotive sectors. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Arabian Cement to purchase clean energy from IRSC<\/p>\n","protected":false},"author":1,"featured_media":662517,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,1236,199,152,72,6543,151,338,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-662516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arabian-cement","tag-e-commerce","tag-elsewedy-electric","tag-enterpriseam","tag-gb-corp","tag-renewables","tag-retail","tag-startups","wpautop","entry"],"acf":{"mongo_id":"6e761d26-0c76-4734-9a5a-626693260189","order":"11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1400.jpg","photo_position":"above","homepage_title":"","full_issue_title":"AliExpress expands local payment options to include Egypt","related_issue":[662498],"teaser":"PLUS- Arabian Cement to purchase clean energy from IRSC","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.3a9da947-ef50-4947-9581-4d3dd3faf1fd.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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