Egypt will acquire two French Mistral warships originally intended for Russia, the Elysée announced in a communiqué published on 23 September.
"The president had a meeting with President [Abdel Fattah Al-] Sissi. They agreed on principle and on the terms and conditions of the acquisition by Egypt of two projection and command Mistral ships", the communiqué from the Office of the French President explained.
The sale to Russia of two warships capable of transporting 610 men, 59 armoured vehicles, 1 helicopter and 2 aircraft, was cancelled due to the involvement of Russia in the Ukrainian crisis. France must refund over €1.1 billion to Russia for the acquisition of two warships, following an agreement struck between the two countries.
Cairo is interested in these warships in order to strengthen its naval force. Both vessels will be posted in the Red sea and Mediterranean sea. Strategic locations for Egypt, which carried out this summer the expansion of the Suez canal, and wishes to protect itself from the terrorist threat from its Libyan neighbour.
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...
West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. ...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
Djibouti launches École 42 digital training network with international partnership Program offers peer-learning, no degrees, focusing on practical tech...
Failing to anticipate market shifts can be costly for African businesses operating in increasingly competitive and volatile environments. Yet many still...
Project targets reduced errors, better traceability and fairness Initiative part of broader government digital transformation efforts Mauritania is...
Uganda seeks World Bank support for $3 billion railway project Funding aims to revive delayed Kampala–Malaba standard gauge line Project...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...