Public Management

China pledges support for development projects in Egypt

China pledges support for development projects in Egypt
Thursday, 11 November 2021 17:07

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Africa-based investors accounted for 30% of active VC players in 2025 Total VC funding reached $3.9 billion across 506 deals Venture debt jumped...
Cameroon will issue the first 15-year OTA in CEMAC on February 17, 2026. The Treasury seeks CFA20 billion to test demand beyond the 10-year...
IFC considers up to $8 million in Aruwa Fund II $50 million fund targets Nigerian, Ghanaian SMEs Focus on women-led firms in underserved...
Vista acquires 99.99% of Saham Assurances Niger Company rebranded as Vista Assurances Niger Deal marks entry into Niger’s small insurance...
Most Read
01

Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...

Absa Kenya Imports a Telecom Playbook in Bid to Reinvent Retail Banking
02

Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...

Safaricom launches M-Pesa platform for stock trading in Kenya
03

Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...

Togo Microfinance: Deposits and Loans Rise Simultaneously in Q3 2025
04

Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...

Gulf of Guinea regains appeal as a key exploration hub for oil majors
05

MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...

DRC Accuses MTN of Illegal Operations, Spotlighting Border Frequency Issues
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.