The European Investment Bank (EIB) is providing a total of €2.7 million to support two railway projects in Egypt. Related agreements were signed with the Egyptian National Tunnels Authority (NAT) and the Ministry of International Cooperation.
The first project, the rehabilitation of Cairo Metro Line 2, will receive €1.2 million. Backed by the Economic Resilience Initiative Fund (ERI), it covers technical assistance for the feasibility study and the renovation of the rolling stock.
Also supported by the ERI fund, the second project concerns feasibility study works (including an environmental and social impact study) of the Tanta - El Mansoura - Damietta rail project. It includes the rehabilitation of 118 km of the Tanta - El Mansoura - Damietta railway line, the doubling of the El Mansoura - Damietta section, which currently covers 65 km, and the re-signaling of line and stations. A freight yard and a cargo link to the port of Damietta are also being studied.
The Egyptian government expects this project to improve the safety, availability and reliability of the line crossing the Nile Delta.
Romuald Ngueyap
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...
African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Lucara plans a share placement of at least C$70 million to fund Karowe UGP The Lundin family will subscribe up to C$70 million to maintain its...
Rwanda and Oman signed four memorandums of understanding covering logistics, aviation, airports, and digital technologies. Oman Air announced plans...
Ethiopian PM Abiy Ahmed held high-level talks in Djibouti on regional security, trade, and economic cooperation. The visit comes amid tensions...
Nigerian regulators will require refunds for failed airtime and data top-ups within 30 seconds starting March 1, 2026. The rule will apply to...
Benin considers hosting a pan-African cultural event inspired by FESMAN but plans to use a different name. Culture Minister Jean-Michel Abimbola...
The Sundance Institute selected three African films from more than 16,000 submissions across 164 countries. The 2026 festival will run from January 22...