
EAC ratifies ‘three blocs’ agreement in Q1 2018
Bloc includes Tanzania, Kenya, Rwanda, and South Sudan, activation requires approval of 16 countries
Bloc includes Tanzania, Kenya, Rwanda, and South Sudan, activation requires approval of 16 countries
The Ministry of International Cooperation signed a loan agreement worth $457m with the Islamic Development Bank to finance the development of Sharm El-Sheikh International airport
Investments exceed EGP 80bn for all phases until 2020, with expected returns of EGP 422bn
Among the most prominent recommendations was the need to attract new investments to the manufacturing sector and feeder industries.
Meetings to take place in November to follow up on applying the COMESA customs union
Egypt is interested in cooperation with Africa, as it is the second-fastest region in the world in growth rate after Asia, says industry minister
Exports to international blocs decreased to EGP 190.4bn between 2013 and 2014, imports surged to EGP 223.9bn
Future mapping for the implementation phase of the agreement before the fourth summit of the three blocs, says president
It will see Egypt talk to the Common Market for Eastern and Southern Africa (COMESA), Southern African Development Community (SADC), and East African Community (EAC)
Four companies are competing for a contract of Egyptian Steel’s plant in Ein Sokhna. The bidding companies are Orascom Construction Industries (OCI), Petrojet, Hassan Allam Sons and SIAC, chairman of Egyptian Steel, Ahmed Abou Hashima, said on Wednesday. The winner of the EGP 220 million bid will be announced within the coming two weeks, said …