Search Results for: egypt

Egypt president Sisi makes peace with Sudan

Posted on by Gambeta News

Egypt President Sisi said there is no conspiracy against Sudan and has no plan to fight in reference to the rising tension.  Relations have deteriorated in recent weeks, including over a Sudan-Turkey naval agreement that angered Cairo and an ongoing dispute over a dam Ethiopia is building on the Nile river that runs through all three countries. Sudan has recalled its ambassador to Egypt without saying when he might be back and also refered the matter…

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ETHIOPIA TO CONTINUE WITH CONSTRUCTION OF RENAISSANCE DAM EVEN AFTER EGYPT WARNS

Posted on by Gambeta News

Mr Beleke says Ethiopia does not need anyone’s permission to benefit from its natural resources. Ethiopian minister of water, electricity and irrigation, Seleshi Bekele, after a meeting (between countries that share the Nile) which ended without an agreement, said despite warnings from Egypt it would continue with the construction of its huge hydro dam on the Nile. Egypt’s president Abdel-Fattah el-Sissi, had recently issued a stern warning to Ethiopia concerning its Renaissance Dam on the Nile, as construction…

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Militants kill Egyptian U.N. Peacekeeper In Central African Republic

Posted on by Gambeta News

Suspected Christian militias killed an Egyptian U.N. Peacekeeper and wounded three others. In a statement made by the United Nations, the attack which was carried out by anti-balaka militants on the 26th of November 2017, occurred in Gambo which is about 100 km (60 miles) from the town of Bangassou, where more than 100 civilians and three Moroccan peacekeepers were killed in separate incidents in May and July. Conflict has killed thousands in Central African Republic since…

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GERMANY’S DEVELOPMENT BANK ASSIST EGYPT ON CAPITAL PROJECTS

Posted on by Gambeta News

Germany’s Development Bank to fund capital projects in Egypt. Director of Germany’s KfW Development Bank Office in Cairo, Burkhard Hinz, have announced that the bank has agreed to support Egypt on its ongoing project with €1.8 billion. He also added that the total fund provided by the bank to Cairo have totaled to €5.5 billion since it began its operations in Egypt in the 1960s. The Development bank have been responsible for the establishment of some 900…

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IFC ANNOUNCED PLANS FOR US$653M SOLAR PROJECT IN EGYPT

Posted on by Gambeta News

International Finance Corporation partners with nine international banks to build Benban solar park which will be the largest solar park in the world. International Finance Corporation (IFC) which is a member of the World bank has announced plans to construct 13 solar power plant in Aswan, Egypt. The project which is expected to have 13 solar plant will be the largest solar park in the world after its completion. The fund was raised by IFC in collaboration…

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ACCIONA ENERGIA TO BUILT NEW POWER PLANT IN EGYPT

Posted on by Gambeta News

Acciona energia partner with swicorp to build three identical 50 MW plant in Egypt. Acciona energia which is a Spanish based company that develops renewable energy projects is to build a three identical photovoltaic plants in Egypt. The company is expected to partner with Saudi Arabia’s Swicorp in a US $180m project that is expected to have a total rated capacity of 150 megawatt. The project was signed in the present of Egyptian Prime Minister, Sherif Ismail, and the Ministers…

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Egypt’s President visits to Paris ends today

Posted on by Gambeta News

Egypt’s Sisi on a three-day visit to Paris On Monday (October 23) Egyptian President Abdel Fattah al-Sisi was welcomed to Paris by French Defense Minister Florence Parly for a three-day visit to France. After the meeting with the French Defence Minister, Al Sissi on Tuesday met with French President Emmanuel Macron at the Elysee palace,  who was cognizant of the criticism of France’s policy on Egypt, and raised his concerns over human rights. The two countries, held…

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AFRICA’S TALLEST SKYSCRAPER TO BE CONSTRUCTED IN EGYPT

Posted on by Gambeta News

Egypt’s proposed skyscraper is set to replace Carlton centre as Africa’s tallest skyscraper Egypt is set to construct Africa tallest skyscraper as part of its new administrative capital project. The 345m-high skyscraper project which is to be constructed by China State Construction Engineering Corporation (CSCEC) is expected to cost US$ 3bn and will replace South Africa’s 223-meter-tall Carlton Centre once it is completed. The project which will cover an area of 50km, will comprise of 12 business complexes, five residential buildings and…

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EGYPT’S AGRICULTURAL EXPORTS GETS A BOOST

Posted on by Gambeta News

Three (3) countries lifts ban on importation of agricultural products from Egypt. Over the past year, a number of Gulf countries have banned Egyptian agricultural imports over concerns of pesticide residue. But in a statement made yesterday by the Egyptian Agriculture Ministry, Three of such Golf countries Bahrain, Kuwait and the United Arab Emirates, have decided to lift the ban. The Three countries have decided to reopen markets to agricultural produce from the Northern Africa country, after series…

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UBER PUBLIC BUS SERVICE SOON TO COMMENCE IN EGYPT

Posted on by Gambeta News

Uber, the smartphone enabled ride-hailing service alternative to traditional taxi-cabs is set to launch a public bus service in Egypt. Egypt been the most populous Arab country with a population of over 90 million is faced with heavy traffic, which Uber is striving to ameliorate since its arrival in 2014. Currently the Uber service is available in only three(3) Egyptian cities, Cairo, Alexandria and Mansoura. The new Uber bus service which aims at expanding into other…

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HOW LAGOS THIRD MAINLAND BRIDGE STILL NEEDS MORE WORK DESPITE SPENDING N7BILLION

Posted on by Gambeta News

The Lagos Third Mainland Bridge, one of the most important infrastructure facilities in Nigeria’s commercial capital, has gulped billions of naira in an attempt to maintain its structural integrity and make it safe for the millions of road users in the state. The bridge, which spans 11.8 km, is the third of the three bridges that connect the Mainland to the Island, with the first and second being Carter Bridge and Eko Bridge respectively. Despite…

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IVORY COAST GOVT SECURE CLIMATE CHANGE FUNDS FROM IMF

Posted on by Gambeta News

The Ivorian government and the International Monetary Fund (IMF) staff have agreed on a climate change reform program backed by a $1.3bn loan from the Resilience and Sustainability Facility (RSF). In a statement, the IMF highlighted Cote d’Ivoire’s vulnerability to climate change, with rising temperatures, erratic rainfall, floods, rising sea levels, and coastal erosion posing significant risks to the country’s economic growth and its pursuit of sustainability and inclusivity. The agreement outlines steps to bolster…

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NIGERIA GOVT. ANNOUNCED PLANS TO SHUT DOWN SECTION OF THIRD MAINLAND BRIDGE JAN 9

Posted on by Gambeta News

The Federal Government has announced a planned closure of the Iyana Oworonshoki-Adeniji Adele section of the Third Mainland Bridge from 11.00 a.m. on Tuesday, Jan. 9, 2024. The Federal Controller of Works, Lagos State, Mrs Olukorede Kesha, announced on Thursday in a statement. Kesha said the closure would be done on the Lagos Island-bound carriageway of the bridge. She appealed to motorists to obey traffic rules and use alternative routes to prevent hardship as comprehensive…

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HOW AFRICAN CAN REVOLUTIONIZING THE BUILDING INDUSTRY

Posted on by Gambeta News

In the spirit of global cooperation and environmental commitment, COP 28 launched a groundbreaking initiative aimed at transforming the building and construction sectors. Titled ‘Buildings and Construction for Sustainable Cities: New Key Partnerships for Decarbonization, Adaptation, and Resilience,’ the initiative marks a turning point in addressing the environmental challenges posed by the construction industry. Three major frameworks were announced at the launch: Buildings Breakthrough, Cement Breakthrough, and the Forest and Climate Leader’s Partnership’s Greening Construction…

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BIG 5 CONSTRUCT KENYA 2023 OPENS IN NAIROBI PROVIDING 8,000 VISITORS AN OPPORTUNITY TO MEET WITH 150 LOCAL AND INTERNATIONAL EXHIBITORS

Posted on by Gambeta News

The sixth edition of the largest construction event in Kenya returns to the Sarit Expo Centre and runs until 10 November 2023  Renowned brands such as Franna, Masa, Bauer, Dar Al-Handasah, Mapei, ELEMATIC, TOPWERK, Raimondi Cranes, among others headline the event Italy to have the biggest pavilion at the event further boosting the expansion of the Italian footprint in Kenya’s construction landscape   Nairobi, Kenya | 08 November 2023: Kenya’s construction sector plays a pivotal…

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PRESS RELEASE: BIG 5 CONSTRUCT KENYA ETURNS TO NAIROBI IN NOVEMBER 2023

Posted on by Gambeta News

Big 5 Construct Kenya returns to Nairobi in November connecting 150 exhibitors with over 8,000 construction professionals to capitalize on Kenya’s $6.65 billion growth outlook.  Exhibitors from 25 countries including 7 country pavilions, namely China, Italy, Türkiye, Greece, Germany, Egypt and the UAE, to showcase top products and services covering the full construction cycle The event is supported by Town and County Planners Association of Kenya, Chartered Institute of Building, Project Management Institute Kenya, Kenya…

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WIND ENERGY: HOW MOROCCO IS AT THE FOREFRONT FOR ITS REVOLUTION

Posted on by Gambeta News

Across Africa, the deployment of wind energy projects has generated approximately 12,400 direct jobs, both during and after construction Wind energy is emerging as a powerful force in Africa, with Morocco at the forefront of the renewable energy revolution.  Alongside South Africa and Egypt, Morocco is leading the continent’s charge into wind energy, paving the way for a green energy transition that is creating jobs and reducing carbon footprints, according to a new report from…

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RICS AND AUC SIGNED MoU FOR CONSTRUCTION & RESEARCH PARTNERSHIP

Posted on by Gambeta News

The Royal Institution of Chartered Surveyors (RICS) and the American University in Cairo (AUC) have signed a memorandum of understanding (MoU) to work together on education, research, and professional development in the field of real estate and construction. The MoU was announced at an exclusive event hosted by the AUC School of Business Executive Education on Tuesday, titled “Navigating Financial Challenges in the Construction Industry”. The event featured industry experts and thought leaders who discussed…

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ETHIOPIA COMPLETE FINAL PHASE OF RESERVOIR FILLING

Posted on by Gambeta News

The Grand Ethiopian Renaissance Dam is set to double the country’s electricity generation and become Africa’s biggest dam. Egypt fiercely opposes the megaproject, arguing that it will reduce the flow of the Nile river. Ethiopia said on Sunday it had completed the fourth and final phase of filling a reservoir for its hydroelectric power plant on the Blue Nile river, prompting renewed outcry from Egypt, which has long opposed the megaproject. The Grand Ethiopian Renaissance…

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ETHIOPIAN ADD CAIRO TO IT’s AIR CARGO NETWORK

Posted on by Gambeta News

Ethiopian Cargo and Logistics, one of the business units within the Ethiopian Airlines Group, says it will begin freighter operations to Egypt’s capital Cairo starting next week. The operations would take the number of Ethiopian Cargo and Logistics destinations in Africa near to 24.  “Cairo to become 34th African freighter destination for Ethiopian Airlines as it starts weekly freighter flights as of July 4, 2023,” Ethiopian announced The airline currently covers more than 130 international…

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