... gas to the country’s reserves.RENEWABLES-Infinity partners with Crédit Agricole to finance solar home solutions: Our friends atRENEWABLES giant Infinity have partnered with Crédit Agricole Egypt to expand access to residential solar energy through a new financing program, according to a joint press release (pdf). Under the agreement, Infinity customers can now access ...
... for nine climate adaptation and renewables projects. We recently did a pulse check on the initiative’s progress and what it plans to achieve in the short and long term.
... local subsidiary of the Saudi renewables player. In May, Elsewedy Electric acquired a 60% stake in Dubai-based Thomassen Service, which includes Middle East and Africa operations, filters manufacturing, and an African business unit. The transaction marked Elsewedy’s entry into oil and gas services as it looks to diversify its energy portfolio. DIDN’T MAKE IT ACROSS THE FINISH LI...
... announcements on the energy, on the renewables, on the tourism, as well as on the real estate and the financial sector,” he said. The IMF is also banking on FDI to help close Egypt’s FY 2025-26 external financing gap, projecting net FDI inflows to reach USD 15.6 bn this fiscal year, up from an estimated USD 13.2 bn in FY 2024-25.Fiscal + debt strategy also in the spotlight: Speaki...
... 200 MW wind farm: Our friends at renewables firm Infinity Power and Emirati state-run renewables giant Masdar secured a golden license for their 200 MW wind farm in Ras Ghareb. Once it starts feeding the national grid in May 2027, the farm will help the Madbouly government save an estimated 175 mn cubic meters of natural gas annually. It’s expected to create around 2k...
... could hear about sukuk-backed renewables projects soon. The government’s sukuk-funded Ras Shukier project is located in an area that has already been earmarked for several upcoming climate-friendly projects, including a green industrial zone for petrochemicals and green hydrogen that was approved by the cabinet earlier this year. The cabinet also gave an initial nod for the Trans...
... some 42 Czech companies in auto, renewables, textiles, medical supplies, and chemicals will explore potential investments in Egypt. El Khatib's agenda also includes talks with Czech Industry and Trade Minister Lukáš Vlček and meetings with major Czech investors eyeing expansion in Egypt.#3- Senate elections are upon us: The National Elections Authority is holding a presser today t...
... years, particularly in water and renewables, said Orascom Construction VP Tamer Shafik, pointing to efforts to boost water treatment capacity. The country is targeting 9 mn cbm of treated water per day by 2050, up from 1.3 mn today. Orascom is currently working on nearly 900 MW of wind energy projects, Shafik said, emphasizing the need for continued public-private partnerships (PP...
... Africa in the cards for 2025.RENEWABLES-The cabinet greenlit a proposal from China’s state-owned utility giant State Grid for two solar projects totaling 900 MW, according to a cabinet statement. The first project will be in the Minya governorate with a capacity of 500 MW, while the second will be located in the Al Wahat region, will hold a capacity of 400 MW. You may not have he...
... attract investment — particularly in renewables — in line with global best practices. The goal is to boost the sector’s contribution to GDP, exports, and job creation. The government also wants to scale up nuclear energy’s percentage in the mix.Thermal power continues to dominate the energy mix: Despite efforts to increase renewables’ share in the country’s energy mix...
... private-sector projects spanning renewables, agribusiness, transport, and industry. The EIB kept up its SME push, channeling funds through major local banks while stepping up direct corporate lending — including its first post-2010 loan to Telecom Egypt.The EU upped Egypt’s EFSD+ funding target to EUR 10.8 bn: The EU has raised its investment target for Egypt under the European Fu...
... #3- The UK is working to boost renewables investments USD 500 mn within the next six months, British Ambassador to Egypt Gareth Bayley said during the launch of the country’s Green Growth Campaign in Egypt yesterday, the embassy said in a statement seen by EnterpriseAM. The newly launched campaign in the run up to COP30 in November will “turbo-charge UK-Egypt collaboration on gree...
... to a statement from the global renewables giant. The 900 MW capacity project will cost around USD 1 bn and is an important part of the state’s Nexus for Food, Water, and Energy initiative. Following the signing, the company will finalize its study of the area in 2H 2026 and proceed towards reaching financial close and kicking off construction.What was not mentioned is if the proje...
... leader’s acquisition of the Saudi renewables giant’s subsidiary.CAPITAL MARKETS- #1- Development Partners International (DPI) received the green light from the Central Bank of Egypt to take over the management of fintech fund Nclude, according to a statement (pdf). The move “aims to attract new foreign investments in the fintech sector, aligning with the fund's goal of becoming t...
... Ras Shukeir, along with Saudi renewables giant ACWA Power and local energy and infrastructure leader Hassan Allam Utilities’ 550 MW windfarm in the area.The new initiative will not affect the planned international sukuk offering set to wrap by the end of this month, we were told. The Finance Ministry is still working to issue USD 1.5-2.0 bn worth of sukuk that will help repay som...
RENEWABLES- UAE’s AMEA Power brought its 500 MW wind power plant in Ras Ghareb — called Amunet — online, making it the largest operational wind farm in the continent and bringing the company’s total capacity in Egypt to 1 GW, according to a statement. The details: The plant will generate 2.5k GWh of electricity annually, powering over 500k homes and cutting 1.4 mn tons of CO2 emission...
... healthcare sector, and another in the renewables sector. Get Enterprise daily The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox. Subscribe here THE BIG STORY ABROAD- It’s all about the Trump administration in the global front pages this morning. Trump tariffs blocked: A US trade court bloc...
... pharma production, automotive, renewables, construction and infrastructure, and food goods. The meeting followed the US-Egypt Policy Leaders Forum. Get Enterprise daily The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox. Subscribe here FACT CHECK-EGX-listed Ajwa Group clarified that it’s not ...
... signed an MoU with Hong Kong-based renewables firm United Energy Group to develop a green ammonia project.Another step toward electricity market liberalization: The newly independent Egyptian Electricity Transmission Company approved five private renewables players for electricity sale licenses. The approved companies operate five solar and wind plants, each with a 10...
... experience advising on oil and gas, renewables, power, and infrastructure, including 23 years as general counsel at ExxonMobil Egypt and four years as legal counsel at BP.What they said: “Sherif’s leadership will be instrumental in strengthening our capabilities and expanding our offering to clients operating in this critical sector,” said Ayman Nour, partner and head of the firm’...
... local and international projects. RENEWABLES-AlexFert + United Energy to develop green ammonia project: Egypt Kuwait Holding’s fertilizer subsidiary AlexFert signed an MoU with Hong Kong-based RENEWABLES firm United Energy Group to develop a green ammonia project, according to a press release (pdf). The project is planned to be located near AlexFert’s existing operati...
... high-growth sectors — including tech, renewables, and manufacturing — the report notes. In September, the government introduced a new tax incentive package aimed at easing the burden on taxpayers and building greater trust in the tax system. These measures included launching a central clearing system, simplifying tax returns, and capping late payment penalties.Another major driver...
... (EETC) has approved five private renewables players for electricity sale licenses, a government source told EnterpriseAM. The companies operate five solar and wind plants, each with a 100 MW capacity.AROUND THE WORLD IN SEVEN DAYS- This week's news painted a volatile global landscape, with Israel advancing plans for indefinite control of Gaza, Oman brokering a truce between Houth...
... (EETC) has approved five private renewables players for electricity sale licenses, a government source told EnterpriseAM. The selected five: The companies approved to obtain the licenses operate five solar and wind plants, each with a 100 MW capacity. The details: The Electricity Ministry will establish fair pricing mechanisms to be regularly reviewed; electricity producers will p...