Egypt: Nibulon to invest $2 billion in agricultural value chain
Friday, 06 July 2018 17:38
Ukrainian grain trader Nibulon announced it will invest $2 billion in Egypt to develop seeds’ storage and conservation infrastructure.
“This is a long-term investment program […] it is designed for 7-10 years,”, said CEO Oleksiy Vadaturskyy in an announcement. A first tranche of $200 million will be invested between 2018 and 2019. Moreover, a local subsidiary will be set under Egypt’s legal regulations.
The project should further increase the share of foreign direct investment on new projects in Egypt. According to a recent FDI Intelligence report, the country of the Pharaohs received nearly $111.5 billion in FDI on new projects between 2012 and 2017.
Idriss Linge
Live News
-
Cameroon: DY6 Metals Nears Acquisition of Third Rutile Asset
20:53
-
Cameroon Adds 28.6 MW Solar Capacity in Northern Expansion
20:42
-
Cameroon's Quicky Services Bridges Clients and Providers Via Mobile App
20:31
-
Proparco, local banks invest CFA54.4 bln in Cameroon aluminum plant
17:16
-
Start of crude in 2026 to fuel Uganda’s economy over next five years
16:41
-
Côte d’Ivoire startup Jobo Interim secures backing from Saviu Ventures
16:16
-
Telcar Cocoa CEO Kate Fotso reportedly halts operations, commits to improve value chain
15:57
-
Algérie Télécom Reaches 2.5 Million Fiber Optic Subscribers: A Milestone in the Nation’s Digital Transformation
15:55
-
Struggling Camair-Co Adds Boeing 737-800 in a $77m Fleet Renewal Drive
14:42
-
India's New Ambassador Pledges Economic Partnership Boost With Togo
13:38
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
Nigeria’s fintech landscape has undergone a seismic shift in recent years, driven largely by persist...
• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
• Benin’s FeexPay and Côte d’Ivoire’s Cinetpay receive BCEAO payment service licenses• Both firms ex...
• DY6 Metals announced a binding agreement to acquire seven rutile exploration permits, including the Yaoundé Ouest project, in Cameroon.• The...
Uganda expects 8% yearly GDP growth, driven by oil, transport, and power projects Crude output set to begin mid-2026, with production projected to...
Saviu Ventures acquires stake in Jobo Interim, deal amount undisclosed This marks the 12th investment under the Saviu II fund for African...
Algérie Télécom reached 2.5 million fiber subscribers on September 14, offering speeds up to 1.5 Gbps. Algeria's FTTH connections grew from 53,000...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...