Browsing: Egypt

• Egypt’s President El-Sisi was reelected to a third, six-year term in last week’s presidential elections.
• Under President El-Sisi, Egypt’s foreign-currency debts have surged to around $163 billion, one of the highest levels in emerging markets.
• El-Sisis must immediately look to balance the concerns of a citizenry paying ever more for food, power, and transport following the currency devaluation since the beginning of 2022.

Egypt’s president, Abdel-Fattah El-Sisi, has been re-elected by a landslide, extending his leadership over the North African nation to 2030. Egypt is struggling with the worst economic plight in decades amid the prospects of another currency devaluation.

El-Sisi secured 89.6 per cent of the votes in the 10 to 12 December election, as announced by the National Elections Authority on 18 December. A record 66.8 per cent of Egypt’s 67.3 million registered voters participated in the election.

El-Sisi’s win in Egypt’s presidential election was no surprise, …

• An Egyptian company’s plan to build an industrial city in Kibaha by El Sewedy Industrial Development is a prime example of the growing complementarity between resources in the Middle East and those in Africa.
• Investing $400 million to create over 50,000 employees is more than a commercial move. This strategic move demonstrates Egypt’s growing clout in East Africa.
• As a result of growing interest in investing in African countries from the Middle East, the dynamic between these two regions is likely to reshape long-established economic alliances and partnerships.

Egyptian company Elsewedy’s remarkable investment in Tanzania

An Egyptian company’s plan to build an industrial city in Kibaha by El Sewedy Industrial Development is a prime example of the growing complementarity between resources in the Middle East and those in Africa. Consequently, completing a historic project in Tanzania represents a watershed moment in Africa’s economic progress.

Investing $400 million to create over …

• Africa has a capacity of 125GW of hydrogen, second only to wind in terms of renewable energy.
• The Africa Green Hydrogen Alliance (AGHA) aims to produce 30-60 million tonnes of clean hydrogen annually to add up to $126 billion to the continent’s GDP by 2050.
• The gas is an environmentally positive fuel with low emissions when produced with electrolysis powered by renewable energy.

There’s a new powerhouse in African renewables. And it has plenty of experts talking about it. The report “The State of African Energy 2Q 2023 Outlook,” recently released by The African Energy Chamber (AEC), discusses the current and future projections for renewables on the continent. The most exciting finding is the competitive growth within the hydrogen electrolyzer space.

Africa’s current announced capacity of hydrogen, of about 125 gigawatts (GW), has overtaken solar capacity on the continent and is now second only to wind when it comes to …

• The Grand Ethiopian Renaissance Dam (GERD) impact on downstream nations Egypt and Sudan has turned the project into a geopolitical hotspot.
• The three countries expect to find common ground on the Nile dam’s construction in about four months.
• Egypt’s concerns are rooted in its dependence on the Nile waters for the livelihoods of its over 100 million people.

The Grand Ethiopian Renaissance Dam (GERD), perched on the Blue Nile, stands as a symbol of Ethiopia’s ambitions for progress, energy independence, and economic growth. However, the $4.6 billion dam’s colossal impact on downstream nations, particularly Egypt and Sudan, has transformed this engineering marvel into a geopolitical hotspot.

Negotiations over the fate of the GERD are back on, with leaders of Egypt, Ethiopia, and Sudan expressing their intent to find common ground within a four-month window.

The stakes are high. Egypt relies on the Nile’s waters for agricultural sustenance and the livelihoods …

Africa’s e-mobility is gaining momentum, largely driven by the daunting climate change crisis, fueling the need to decarbonize transport systems. African countries remain in pursuit of e-mobility solutions and advancement to low-carbon economies. Africa’s endowment with minerals key to the global green transition offers a significant advantage.…

Population growth and economic development have necessitated speeding up and scaling up infrastructure development in Africa. Over 28 African nations have seen population growth of more than double in the last 30 years. The population of 26 other African countries will quadruple over the next 30 years. Consequently, funding for the continent’s infrastructure has become essential.…