... investment ot agriwaste sector: The Environment Ministry is preparing to launch a series of agriwaste recycling investment prospects, CEO of the Waste Management Regulatory Authority Yasser Abdallah told EnterpriseAM. The strategy includes rolling out new investor incentives, connecting entrepreneurs with funders, and launching large-scale recycling and biogas project...
... Madbouly accepted the resignation of Environment Minister Yasmine Fouad, who is leaving her post to lead the United Nation’s top body on desertification. Local Development Minister Manal Awad will manage the portfolio until a new Environment minister is appointed. BACKGROUND- Fouad has been Environment Minister since 2018 — she has over 25 years of experi...
... part of efforts by the Finance Ministry and the Central Bank of Egypt to diversify public debt instruments with favorable interest rates, amid a high global interest rate environment, the source added.Things are looking good for our Panda prospects: Egypt has regularly paid the returns on its 2023 Panda bonds since their issuance, our source said. This strong track re...
... projects, a government source at the Environment Ministry told EnterpriseAM.By the numbers: The changes raise sanitary landfill-derived feed-in tariffs by 57.1% and sewage sludge feed-in tariffs by 109.5%, based on the EGP’s current value against the greenback.(Tap or click the headline above to read this story with all of the links to our background as well as extern...
... mobilize some USD 324 bn, a senior Environment Ministry official told EnterpriseAM. The lion's share of the total is earmarked for climate mitigation with USD 211 bn, while USD 113 bn is pencilled in for climate adaptation.But despite an estimated bill totalling USD 324 bn, the country’s available funding currently stands at only USD 76 bn, leaving a USD 248 bn financ...
... is transferring assets to the Environment Ministry in preparation for a host of programs funded by the IMF’s USD 1.3 bn Resilience and Sustainability Facility, a government source told EnterpriseAM. The first transfer saw renewable project, power plant, and mass transit assets totalling EGP 1 bn being given to the Ministry by the electricity, transport, ...
... significantly enhance the business environment for MSMEs and entrepreneurs.” It also flagged the need for better coordination across government entities, stating “there is considerable scope to increase alignment and coordination in the design and implementation of MSME and entrepreneurship policy.” REAL ESTATE- #1- Egypt to offer fresh plots west of Cairo to local, Gulf investor...
... climate resilience, according to an Environment Ministry statement, citing minister Yasmine Fouad saidWhat’s on the agenda? The government is currently considering declaring Egypt’s Red Sea coast and its coral reefs a protected area. Efforts are already underway to rehabilitate northern lakes, suspend fishing in parts of the Red Sea to help marine ecosystems recover, ...
... manufacturing, we dove into the Environment Ministry’s Green Sustainable Industries program. Check out the story here. Sahel – what was once Egypt's summer escape has become an economic hub, social ecosystem, and regional travel hotspot. And we’re going to help you decode its rapid evolution with EnterpriseAM Destination Sahel. In a special four-part summer series we’...
... The flagship initiative by the Environment Ministry aims to help factories cut emissions, boost resource efficiency, and meet rising global climate standards — particularly in export-heavy sectors. As international regulations tighten and the energy transition accelerates, Egypt is positioning the GSI program at the center of its push to transform the country’s indust...
... hosted in Sharm El Sheikh,” said Environment Minister Yasmine Fouad. From 2018 until now, the city has made important progress on the sustainability front, especially since the Environment Ministry launched the Green Sharm initiative in collaboration with the United Nations Development Programme and Global Environment Facility in 2022. The ci...
... and we ended up honored by the environment and irrigation ministries.We collected over 100 tons of waste from the Nile during our first four years of operations. We have continued our cleanups, not only during events, but alongside fishermen and women who live on islands in Cairo and Assiut. We made more than 450 partnerships with the private sector, including partnerships with UN...
... profitability.A less-than-ideal regulatory environment: Egypt’s telecom licensing framework ranks among those less attractive in the region, particularly when compared to Gulf markets, the report finds. Some of the key structural issues include:#1- Short-term licenses: Telecom operators face short licensing periods, the report said. Authorities need to “provide longer license peri...
... on single-use plastic bags: The Environment Ministry launched a nationwide campaign this month — called Reduce It — to raise awareness about the dangers of single-use plastic bags, according to a Ministry statement. The campaign was launched in cooperation with the Japanese government and the United Nations Industrial Development Organization (Unido).The ...
... according to a statement from the CIT Ministry. (Tap or click the headline above to read this story with all of the links to our background as well as external sources.)And within Egypt, Cairo ranked as the governorate with the fastest internet, followed by Giza and Gharbia.The country’s internet isn’t only fast for the continent — it's cheap too. Egypt lays claim to having Africa...
The UN appointed Environment Minister Yasmine Fouad as the next Executive Secretary of the UN Convention to Combat Desertification, according to a statement from the organization. Fouad will take up the three-year position later this year, succeeding Mauritania’s Ibrahim Thiaw. A veteran of international climate diplomacy, Fouad brings more than 25 years of experience in environmental...
... year, head of the Higher Education Ministry’s Supreme Council of Private Universities’ El Ghor told EnterpriseAM. The school will be built on a 14.3k sqm plot, with a built-up area of 20k sqm and a capacity of up to 1.7k students across 70 tech-enabled classrooms. The campus will feature science and tech labs, performing arts studios, athletic facilities, and collaborative learnin...
... VAT exemptions, with a Finance Ministry-formed committee looking into amending the laws around supply and installation services to remove their special tax treatment, a government source told EnterpriseAM. The move aligns with a broader effort to simplify the country’s tax system in a bid to raise tax revenues and create a more attractive investment environment, we we...
... year, according to the Agriculture Ministry. However, industry sources tell us that the number exceeds 65 mn tons when food processing waste is included.The amount of waste we produce is vast, but so too are the ways we can recycle it, with manure, sugarcane leaves, and rice straw being prime candidates to make fertilizers, waste from poultry farms, sugarcane bagasse, and corn cub...
... between the nations, according to a ministry statement covering the minister’s trip to the fellow North African nation. One of the first steps would be getting Egyptian state-owned banks to look into opening a branch or representative office in the country, according to the statement. The idea of a unified platform to promote cross-border investments was also floated during a sepa...
... year.The key takeaways: The Finance Ministry sees growth accelerating, the primary budget surplus rising fractionally, and the deficit inching down. It’s going to spend more on debt service, subsidies, and export incentives. We have a detailed rundown below. IN CONTEXT- The government last year amended the Unified Budget Act to allow for the budgets of all 59 of the state’s econom...
... in partnership with the Built Environment Collective and with the backing of the Supreme Council of Antiquities. the project will focus on reviving the urban fabric of Al Rukbiyya Street and rehabilitating the area’s historic buildings and public spaces using eco-friendly materials and sustainable construction methods. The developer will break ground on the project next month, wi...
... a statement from the Transport Ministry, another from the US Embassy in Cairo, and a statement from Progress Rail. The agreement with the Caterpillar subsidiary covers the refurbishment of 100 diesel-electric locomotives at a cost of USD 185 mn, a USD 42 mn contract to supply spare parts for 141 units over 15 years, and a USD 5 mn technical support agreement for the same units ove...
... creating an investor-friendly environment that is attractive to both domestic and cross-border investors who want access to the type of significant potential that Egypt has. Egypt will continue to be a player in global debt markets, sure. But we’re going to see a blend of FDI and debt being raised through a variety of vehicles, and I think concessional loans and concessional fina...
... competitiveness and the business environment, and support the country’s green translation, according to a statement from the Planning and International Cooperation Ministry.What’s next? The Planning and International Cooperation Ministry will meet and coordinate with national authorities and the EU to discuss timetables to conclude the disbursal of the lo...