Madbouly Chairs Meeting to Enhance Fertilizer Distribution System

Prime Minister Mostafa Madbouly convened a meeting to oversee the current status of the agricultural fertilizer production and distribution system. The meeting was attended by Minister of Petroleum and Mineral Resources Tarek El Molla, Minister of Agriculture and Land Reclamation El Sayed El Quseir, Minister of Public Business Sector Mahmoud Esmat, and a number of… Read More »

Post for Investment achieves 30.7% revenue growth in 2023

Post for Investment (PFI) reported a significant revenue increase of 30.7% in 2023, reaching EGP 1.13bn, up from EGP 868m in 2022. The company’s net profit also rose to EGP 664m, marking a 32.4% growth compared to the previous year’s EGP 502m. This financial growth is attributed to enhanced cash distributions from PFI’s sister and… Read More »

TotalEnergies démarre la production de CLOV Phase 2 – Egypt Oil & Gas

TotalEnergies et l’Agence nationale angolaise du pétrole, du gaz et des biocarburants (ANPG) lancé production pour CLOV Phase 2, un projet lié à l’existant CLOV FPSO (unité flottante de production, de stockage et de déchargement). Les ressources de CLOV Phase 2 sont estimées à environ 55 millions de barils équivalent pétrole (bep). De plus, le… Read More »

Beltone Venture Capital partners with Citadel International to manage $30m startup fund

Beltone Holding, a rapidly expanding financial institution, has announced that its subsidiary, Beltone Venture Capital (BVC), has entered into a partnership with CI Venture Capital, part of Citadel International Holdings. Based in Abu Dhabi, this collaboration aims to oversee a $30m fund dedicated to investing in promising early-stage startups. In recent months, the fund has… Read More »

Petrofac Secures $350M Technical Services Contract in Equatorial Guinea

Petrofac has secured a $350 million Technical Services Contract with Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the National Oil Company of Equatorial Guinea, to support the operation of the region’s Block B asset. The five years contract entails delivering technical services across onshore support bases, an FPSO, and a platform on behalf of… Read More »

Egypt looks forward to mobilising sustainable finance for Africa’s public health: Finance Minister

In a roundtable discussion with African finance ministers during the IMF and World Bank Spring Meetings, Mohamed Maait, Egypt’s Minister of Finance, highlighted the decline in public health indicators across Africa. This downturn is attributed to global tensions and the resulting inflationary pressures, which have led to increased costs for basic goods and services, alongside… Read More »