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
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...
• The U.S. imposed a 20% tariff on cashew exports from Vietnam and a 40% tax on suspected transshipm...
Cauri Money launches Gajo Money, an e-wallet for the Cameroonian diaspora, targeting €120 mil...
• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...
MTN has announced the launch of the MTN Cloud Accelerator, a 12-week hybrid program designed to help African startups scale faster by leveraging MTN’s...
• CMOC increased cobalt production by 13% to 61,073 tonnes in the first half of 2025.• The DRC extended its cobalt export ban, forcing CMOC to stockpile...
Kenya plans to import 1.05 million tonnes of palm oil in 2025/2026, near its highest ever level. Malaysia supplies 90% of Kenya’s palm oil, sharply...
Power Africa closed after 12 years, leaving a gap in Africa’s electrification push. Mission 300 aims to connect 300 million Africans to electricity...
The Emerald Sea is a vast turquoise lagoon located in the northern part of Madagascar, just a few kilometers from the town of Antsiranana (formerly Diego...
Malawi’s Mount Mulanje and Cameroon’s Diy-Gid-Biy added to UNESCO World Heritage List Africa still holds 25% of endangered sites, despite recent...