The Egyptian government recently announced it is investing $2.5 billion in a seawater desalination project. By 2025, 17 solar-powered desalination facilities with an overall daily capacity of 2.8 million cubic meters will be constructed. They will be built, owned, and operated by the Egyptian sovereign wealth fund in partnership with local and international private investors.
The project aligns with the government’s ambition to ensure access to clean water in a country that depends on the Nile for more than 80% of its water supply. The flow of this river is expected to drop first due to increased evaporation related to global warming and secondly because of the Ethiopian Great Renaissance Dam (GERD) built on the Blue Nile, the main tributary of the Nile.
Egypt plans to invest a total of EGP134 billion ($8.5 billion) to produce 6.4 million cubic meters of drinking water a day by 2050. Currently, more than 70 desalination plants are operating in the country, mainly in the Red Sea, Sinai (North and South), Suez, and Ismailia governorates. They cover less than 1% of the national water consumption estimated at more than 100 billion cubic meters per year.
Espoir Olodo
Zenith Bank picks Côte d’Ivoire for $90M debut into Francophone Africa, confirming ambition t...
• Benin’s FeexPay and Côte d’Ivoire’s Cinetpay receive BCEAO payment service licenses• Both firms ex...
Nigeria’s fintech landscape has undergone a seismic shift in recent years, driven largely by persist...
Niger’s economy grew 10.3% in 2024 and is projected to expand 6.6% in 2025. Yet non-performin...
• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...
• Gabon plans joint venture to expand fiber optic network• Project targets 1,800 km extension, cost-sharing, better coverage• Moov and Airtel partnership...
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africans. What started as a tool for sending and receiving...
• Africa's gas output fell 17 bcm in 2024• Algeria led decline due to aging production fields• Delays, underinvestment threaten Africa’s export...
• MSMEs spend $3.5B yearly on generator power in Nigeria• Generator costs consume up to 40% of business expenses Nigeria's national power grid...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...
• Nigeria to turn Abuja stadium into culture, sports innovation hub• Project includes museum, arenas, markets, and youth creative center• Gov’t...