The African Export-Import Bank (Afreximbank) is seeking to begin construction of a gold refinery in Egypt by the end of 2026, with investments ranging between $50 million and $100 million, Ayman El Zoghbi, Director and Global Head of Trade, Investment & Corporate Finance at Afreximbank, told Asharq Business.

AGX Consultant Studio, a Cairo-based venture builder and investment firm, is expanding its operations across Africa, with a focus on North and West African markets, as it seeks to help startups scale their businesses across the continent.

The Sovereign Fund of Egypt (TSFE) is preparing to expand internationally for the first time through the launch of a sub-fund dedicated to investment across Africa.

Egypt’s Minister of Investment and Foreign Trade Mohamed Farid Saleh met the Secretary-General of the African Continental Free Trade Area (AfCFTA) Wamkele Mene, in Washington to discuss ways to maximize the benefits of the continental trade pact and deepen cooperation, as the country seeks to boost exports and localize industry.

The Egyptian Drug Authority (EDA) has mulled over plans with AstraZeneca to reinforce the localization of the pharmaceutical industry in the Egyptian market.

otrovato, a subsidiary of Orascom Investment Holding (OIH), has signed a memorandum of understanding (MoU) with the Commercial International Bank Egypt (CIB) to strategically partner on supporting exporters, buyers, distributors, and vendors through integrated trade and banking solutions, with a strong emphasis on African markets.

The African e-commerce platform eCom Afrika has signed a strategic memorandum of cooperation with logistics provider Egytrans Logistics Solutions, a member of the Egytrans NOSGO Group.

Edita Food Industries has acquired the trademarks, brand names, and associated goodwill for HoHos, Twinkies, and Tiger Tail across the remaining countries of the African continent, as part of its regional expansion plans.

Prime Minister Mostafa Madbouly inaugurated the first phase of the Obelisk solar project, the largest renewable energy project in Africa, in Nagaa Hamadi, Qena Governorate.

Elsewedy Electric, a Cairo-based integrated energy and infrastructure solutions provider, announced that it has been awarded a $51 million contract in Angola.

Egyptian Prime Minister Mostafa Madbouly, on December 13th, attended the announcement of the establishment of the African Trade Center of the African Export-Import Bank (Afreximbank) in the New Capital.

Telecom Egypt announced the completion of the core 2Africa subsea cable system, developed through a consortium that includes Bayobab, center3, China Mobile International, Meta, Orange, Vodafone Group, and WIOCC.

The Egyptian Authority for Unified Procurement (UPA) and Alibaba Group mulled over establishing a regional center within the authority's strategic warehouses to serve the African continent.

Standard Bank Group, Africa’s largest financial institution by assets, will officially launch its representative office in Egypt

Egypt, in its capacity as chair of the Ministerial Council of Trade Ministers of the African Continental Free Trade Area (AfCFTA), has succeeded in reaching African consensus on the long-standing rules of origin for the apparel, textiles, and automotive sectors, following more than four years of negotiations.

REPSS offers a dual benefit of reducing financial costs and mitigating operational risks, two factors critical for the scalability and success of smaller enterprises that form the backbone of Egypt's economy, contributing 43% of its gross domestic product (GDP).

Egypt launched the 4th Ministerial Retreat of the Council of Ministers Responsible for Trade, chaired by Minister of Investment and Foreign Trade Hassan El-Khatib, according to a statement.

Egypt plans to establish six African logistics centers, placing Morocco as a key hub for Egyptian exports to the markets of Western Africa, Minister of Investment and Foreign Trade Hassan El-Khatib announced.

Minister of Petroleum and Mineral Resources Karim Badawi conducted bilateral meetings with specialized Australian mining companies to discuss investment opportunities in the Egyptian mining sector.

Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), participated in the Africa-Singapore Business Forum, according to a statement.