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...
Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
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...
Opaia launches plant with capacity of 22,000 vehicles a year Factory to assemble cars, utility vehicles, and 1,000 buses Project expected to...
Regional growth outlook revised up by 0.2 point from October forecast Nigeria growth raised, South Africa also revised slightly...
MINGO has signed a deal with African Boxing to deliver ticketing across 54 countries, becoming the main boxing events platform. Counterfeit...
Africa’s 2026 digital boom is inevitable, but success belongs to those utilizing "lite" cost strategies to maximize efficiency over...
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...