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To address key concerns that have historically deterred international investors, the AfDB announced its plans to launch a new Investment Guarantee Agency, offering a comprehensive coverage against climate, political, equity, and currency risks.
The Egyptian Commercial Service Authority and the Omani Ministry of Commerce, Industry, and Investment Promotion have signed a Memorandum of Understanding (MoU) aimed at advancing investment promotion and export growth.
Nigeria’s Dangote Oil Refinery, the largest in Africa, is set to begin full operations in the next 30 days. Located in Lagos, this 650,000-barrel-per-day refinery was built by Nigerian billionaire Aliko Dangote and aims to transform the country’s energy landscape.
Egypt’s agricultural exports reached $10.6 billion in 2024, reflecting a 17 percent growth rate, according to Prime Minister Mostafa Madbouly during a press conference following the weekly government meeting.
The General Authority for the Suez Canal Economic Zone (SCZone) has successfully secured 251 projects across its industrial zones and ports over the past 30 months, attracting a total investment of $6.23 billion and creating approximately 28,000 job opportunities, according to SCZone Chairman Walid Gamal El-Din.
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