Browsing: Egypt

• Already ranking top 10 globally on AI usage, Egypt is inviting players in the emerging tech to explore best use cases even as it woos investments in deep tech as Cairo evolves into hub of innovation.
• Organised by GITEX GLOBAL, flagship Ai Everything MEA expo in February 2026 is poised to become the most empowering AI tech week across the Middle East and Africa.
• Tech heavyweights trailblazing AI adoption such as Atos, Cyshield, HPE, and IBM are expected to showcase at the event.

As the spirited push for the adoption of artificial intelligence (AI) across Africa gets underway, Egypt has stepped forward, announcing plans to host AI tech week, a global forum that is poised to attract stakeholders in the continent’s AI ecosystem next year.

Scheduled for 10 to 12 February 2026 in Cairo, organizers of AI Everything Middle East and Africa (MEA) showcase say the expo will …

• African startups under cleantech lead in attracting financing with two massive funding deals sealed by Sun King and d.light.
• FinTech follows in funding volume reported, while African startups with a focus on big data and analytics are equally gaining momentum.
• Across July, six acquisitions were recorded in the industry, including Meta’s buyout of Egyptian AI startup PlayAI, reflecting the highest mergers and acquisitions activity so far this year.

Startups in Africa attracted over $2 billion in fresh capital injection in seven months to July, 2025, with enterprises in clean teach taking the lions share, a new report by startup financing tracker Briter Eye shows.

According to the update, the financing received by African startups between January and July is almost the same to what new and upcoming businesses received during similar period in 2024.

“July alone accounted for more than $570 million across 60+ deals, representing nearly a quarter of …

• The International Atomic Energy Agency (IAEA) says Egypt, Kenya, Nigeria and Ghana have set the groundwork for nuclear energy plants.
• Investments in nuclear will see these countries meet rising electricity demand, diversify energy mix, fortify energy security, and cut emissions.
• Currently, South Africa is the only country in the continent with an active nuclear power production system.

For an increasing number of economies in Africa keen on plugging persistent electricity supply gap, nuclear energy is fast emerging as a good option given that globally, the continent supplies 14 per cent of Uranium—the critical mineral used in nuclear power production.

Other than South Africa, Ghana, Kenya, Egypt, and Nigeria, Algeria, Morocco, Namibia, Niger, Rwanda, Senegal, Tunisia, Uganda, Tanzania and Zambia are keen on tapping nuclear power to fortify energy security.

“The demand for uranium on the continent is projected to increase in the coming decade,” notes the International Atomic Energy Agency …

• Marriott unveils plans to add more than 50 hotels and 9,000 rooms by the end of 2027. 
• Hilton seeks to triple its African portfolio to more than 160 hotels, opening over 100 new hotels in the coming years and creating approximately 18,000 jobs.
• Job creation, tourism, and the quest for regional connectivity fueling investments.

At the recent Future Hospitality Summit Africa in Cape Town, two of the world’s largest hotel chains—Marriott International and Hilton Worldwide— have unveiled bold, transformative plans to expand across Africa’s rapidly evolving hospitality industry.

With combined targets of over 150 new properties and more than 27,000 rooms across multiple African countries by 2027, the announcements signal not only a rising tide of foreign investment in African tourism but also a growing confidence in the continent’s economic resurgence, travel demand, and urbanization.

This strategic pivot positions Africa as the next frontier in global tourism and luxury accommodation, …

• Egypt gets AfDB funding to build Africa’s largest solar power plant.
• Egypt’s Obelisk to produce 1 gigawatt solar photovoltaic.
• Obelisk to cost more than $590 million.

The AfDB has announced plans to fund construction of the Obelisk in Egypt, a 1 gigawatt solar photovoltaic project and Africa’s largest solar power plant.

“The Board of Directors of the African Development Bank Group has approved a financing package of up to $184.1 million to support the development of the Obelisk 1-gigawatt solar photovoltaic project and 200MWh battery energy storage system in Egypt,” a press release from the Bank stated.

Upon completion, the Obelisk will be Africa’s largest solar power plant. Located in Qena Governorate in southern Egypt, the project entails the design, construction, operation, and maintenance of a photovoltaic power plant with an integrated battery energy storage system.

“The Egyptian Electricity Transmission Company will be the sole off-taker under a 25-year Power …

• This expansion drive comes on the heels of Hyatt’s impressive 51 per cent rooms growth across Africa in the past two years alone.
• “Last year marked a breakthrough for Hyatt in Africa, and we’re just getting started,” states Stephen Ansell, Managing Director, Hyatt, Middle East and Africa.
• An outstanding feature of the hotel’s African strategy is the dual-brand model—a cost-effective and flexible solution for rapidly urbanizing cities.

As global hospitality brands sharpen their focus on untapped and emerging markets, one name is charting an ambitious course across Africa: Hyatt Hotels Corporation. The US-based multinational is betting big on the continent’s rising middle class, robust travel demand, and burgeoning business corridors—with plans to grow its footprint by a staggering 50 per cent by the end of 2030.

This expansion drive comes on the heels of the business’ impressive 51 per cent rooms growth across Africa in the past two years …

• Dar es Salaam hosts Egypt-Tanzania Business Conference.
• Trade mission comes in wake of Tanzania-Ethiopia energy pact.
• Trade mission organized by the Egyptian Export Council for Chemical Industries and Fertilizers.

In March, Egypt sent powerful business delegation to Tanzania for the inaugural Egypt-Tanzania Business Conference which was held in Dar es Salaam. Ambassador Sherif Ismail, Ambassador of the Arab Republic to Tanzania, inaugurated the event which he termed marked the beginning of a high ranking Egyptian trade mission to the East African country.

“The event was organized by the Egyptian Export Council for Chemical Industries and Fertilizers in collaboration with the Export Council for Building Materials, Refractories, and Metallurgical Commodities, and coordinated by the Egyptian Commercial Service (ECS),” the press release issued at the event detailed.

In his opening remarks, Ambassador Sherif Ismail cited “strategic importance of the forum in deepening economic and trade relations between Egypt and Tanzania.” Additionally, the …

• African countries undermine their economic growth by prioritising trade with Europe and the United States over regional markets.
• How do we ensure that African countries trade among themselves? asks Dr. Phenyo Butale, Botswana’s Minister of International Relations.
• “We [Botswana] have high-quality beef in Botswana and the North West province, we export it to the European Union, yet Angola and the Democratic Republic of the Congo buy their beef from Brazil. Does that make sense? It doesn’t,” says Dr. Butale.

Despite its vast resources and production capacity, regional trade in Africa remains low with many economies relying heavily on overseas markets. This state of affairs has prompted Botswana to raise the alarm about low levels of intra-African trade.

“It’s disheartening that Africa is still unable to realise trade among its countries,” said Dr Phenyo Butale, Botswana’s Minister of International Relations, delivering a lecture in honour of the late South African Deputy …

• Egyptian Professor of Geology claims its only a matter of time before Ethiopia’s GERD dam collapses when filled to capacity.
• GERD was designed to hold 11 billion cubic meters, but its capacity was increased to 60 billion cubic meters – which raises many concerns, especially since Ethiopia is a country prone to earthquakes, the scholar states
• African’s praise GERD achievements on social media #ItsMyDam, #GERDisYourDam

The Grand Ethiopian Renaissance Dam (GERD) is at risk of collapse, an Egyptian media outlet reported recently. The ‘Egypt Independent’ quoted a Cairo University Professor of Geology and Water Resources Abbas Sharaky allegedly saying that “GERD was designed to hold 11 billion cubic meters, but its capacity was increased to 60 billion cubic meters – which raises many concerns, especially since Ethiopia is a country prone to earthquakes.”

In the article titled ‘Grand Ethiopian Renaissance Dam is at its utmost limit and risks collapse,’…