Author: GAR STAFF

The move comes as a continuation of ongoing investments made by Gulf states in the Egyptian economy as it suffers from the impact of the Ukraine war.

The UAE and Saudi Arabia lead Gulf investment across Sub-Saharan Africa.

According to the AfDB, the UAE is planning widespread investments in Africa and could well join the organization in the future.

he Democratic Republic of Congo’s (DRC) state electricity company, Société Nationale d’Électricité (SNEL), and Dubai-based independent power producer, AMEA Power, have signed a Memorandum of Understanding (MoU) to begin exploring the production of 30 megawatts of power in the DRC.

The company was listed as a ‘Disruptor’ and has gained international support from a variety of investors.

Al Suwaidi underlined ADEX’s wish to strengthen its cooperation and expand the access of the UAE’s export industry to global markets, including Tanzania.

n a move signaling an improvement in the relationship between the two countries, Qatar will invest USD 5 billion in Egypt, according to government sources.

of USD 491 million, according to Magnitt’s 2021 Egypt Venture Capital Report.

The GEC will run for four days and will host 150 speakers.

Egypt’s FlapKap, a Egyptian fintech startup, has recently completed a USD 1.2 million fundraising round led by A15, a MENA venture capital firm known for backing early-stage startups across the region.