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Sylndr, Egypt’s online used-car retailer, raises $12.6m in a pre-seed round
Sylndr, is set to build trust in the used-car market by providing customers with a hassle-free experience to buy, sell and finance their cars.
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Egypt’s Suez Canal revenues to hit $7bln
Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current FY — ends on 30 June — up from $5.5 billion last year.
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EIB studies financing water desalination projects in Egypt
This is within the framework of projects that the bank contributes to financing, according to Water sector expert at the EIB, Walid Salem.
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AfDB’s 57th annual meetings to kick off on Monday
The 57th round of the African Development Bank (AfDB) Group’s annual meetings will kick off on Monday in the Ghanian capital of Accra.
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CBE raising interest rates by 2% explained
MPC decided that raising policy rates is necessary to contain inflationary pressures, which is consistent with achieving price stability.
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Egypt has 85 projects to adapt to climate change
The projects are under the portfolio of the Ministry of International Cooperation, with a total cost that reaches close to $12 billion.
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Project tender: network works
6th of October City: Implementation of network works
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Project: Paving roads
Shebin Al-Qanater City: Paving and repaving some roads
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Egypt and EU strengthen cooperation
The European Union is strengthening its cooperation with Egypt in fighting terrorism and building bilateral relations.
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HSBC launches $1bn lending fund for female entrepreneurs in Egypt
This comes alongside the introduction of the ‘HSBC Roar Initiative’, which enables female entrepreneurs to access a series of masterclasses.
