climate

AfDB helps Egypt improve railway system safety with €145m loan

The African Development Bank, AfDB, will extend Egypt a credit line of €145 million to help the country improve the railway system safety and to increase the network capacity. “The planned upgrades are expected to benefit low-income Egyptians, about 40 percent of the population, who rely on trains as an affordable mode of transport,” the […]

French Axens to launch new refinery in Nigeria

France’s largest hydrocarbons group Axens and the Nigerian conglomerate BUA signed a partnership contract on Tuesday in Paris to carry out the first stage of a refinery project which will be located in Akwa Ibom State, in south-eastern Nigeria. Nigeria, the continent’s leading crude oil producer but which imports almost all of its fuel, seeks […]

Egypt’s economic transition faces new challenges

Several developments have marked Egypt’s economic circle from different spheres in recent times leaving negative marks on the country’s desire to revive its economy and political crisis. The Prime Minister Hisham Qandil affirmed that they are dealing with major economic and democratic transition challenges. He added that the government is working on achieving the people’s […]