Egypt and China reached a new agreement to reinforce their collaboration. The deal will see China finance many development projects in the African country.
Targeted projects include the Egyptian satellite project "Misr Sat II”, and the Satellite Assembly, Integration and Test Center (AITC). The partners will also establish a vocational training center in the Suez Canal Authority Economic Zone, and other projects are ongoing to develop the transportation sector. Egypt seeks to strengthen “sustainable infrastructure and to develop smart transportation projects.”
This new agreement aims to support the country’s development agenda, which is also in line with the United Nations Sustainable Development Goals. According to Rania Al-Machat, the Minister of International Cooperation, her country plans to expand cooperation with China in “the localization of the railway industry, increase local manufacturing, and climate financing.”
Overall, China has already invested about $1.8 billion in the health, agriculture, education, technical education, and electricity sectors in Egypt. In addition, more than 4,000 government officials and 300 executives have benefited from about 1,110 training programs in sectors such as health, agriculture, and water resources over the past four years.
Jean-Marc Gogbeu, intern
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...
Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...
Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...
Côte d’Ivoire introduces 9% VAT on fertiliser inputs under 2026 budget Measure raises importer costs; fertiliser inputs were previously...
Canadian miner Fortuna says reserves at its Séguéla mine rose to 1.54 million ounces, supporting a study to lift annual production above 200,000...
Cyclones accounted for over half the losses on the continent, Munich Re reports, with less than 20% of the damages covered by insurance. Natural...
ILO promotes short, flexible learning to meet labor market shifts Micro-learning shows higher completion and retention rates Approach seen as...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...
Bamako hosted the first International Festival of African Documentary (FIDAB) from January 16 to 18, 2026, screening 12 African films. UNESCO...