Investments & Projects

Egypt has secured a $40 million loan from the OPEC Fund for International Development to support the development of two wind farms in the Gulf of Suez, which will collectively generate 1.1 GW of clean energy. Spearheaded by Hassan Allam Utilities and Saudi Arabia’s ACWA Power, th...

Head of Government Aziz Akhannouch chaired today the sixth session of the National Investment Commission in Rabat, approving 56 investment projects valued at MAD 134 billion ($13.4 billion).

The World Bank and other financial institutions are engaged in discussions about funding a mega hydro-power project in the Democratic Republic of Congo that has the potential of supplying electricity across the entire African continent.

Ghana is ranked 6th in Africa as the most attractive investment country in Africa in 2024, Rand Merchant Bank (RMB) ‘Where to Invest in Africa 2024’ report has revealed.

The Suez Canal Economic Zone (SCZone) has committed $3 billion to infrastructure development over the past few years, with plans to invest an equal amount in the coming years, as it works to boost its appeal to private investors.

Shandong Daye, a leading Chinese manufacturer of steel wire for tires, has unveiled plans to invest $208.5 million in a new production facility in Morocco's “Tangier Tech” industrial zone.

The Institute of Statistical Social and Economic Research (ISSER) has projected Ghana's growth rate to hit 4.5 percent by the end of 2024.

The projects focus on providing technical support to local industries across various sectors. Minister Al-Wazir highlighted the government’s emphasis on utilizing renewable energy sources efficiently to meet Egypt’s energy demands.

The Egyptian Cabinet adopted Wednesday an action plan to create a mechanism to fund studies, implement developmental projects and infrastructure in Nile Basin countries in fulfillment of the directives of President Abdel Fatah El-Sisi.