By the AFREEQUE newsroom, based on Punch
Nigerian conglomerate Dangote is exploring industrial investment opportunities in Egypt after an Egyptian delegation visited its Lagos complex. Discussions focused on partnerships and expansion projects in several sectors, according to Punch, which reports that the group is pursuing its continent-wide development strategy.
Ongoing story · day by day
The Dangote refinery opens its share offering, targets $1.6 billion, and extends its stock-market listing.
2 NovDangote awards hydrogen equipment contract for its Ethiopian fertiliser plant to Técnicas Reunidas
1 NovDangote and Sanusi urge Lotus Capital to invest more in Nigeria’s productive economy
1 NovDangote’s Lamu refinery cleared of public-private partnership challengeEgyptian Planning Minister Ahmed Rostom presented the country’s strategy for attracting investment and financing development projects in Madrid. He detailed the modernisation of public investment monitoring and guarantees to mobilise more private capital during the 2026 Sustainable Development Goals Dialogue, according to Daily News Egypt.
🇪🇬 Egypt · Source: Daily News Egypt ·
Egyptian journalist Lina Attalah, director of the independent outlet Mada Masr, was released after a fine was paid, while a court ordered the website to close. The fine, set at three million Egyptian pounds, is about €49,000 according to Le Monde and $53,400 according to Punch, for operating the outlet without a licence. Punch also reports an earlier one-year prison sentence, which has been appealed.
🇪🇬 Egypt · Source: Le Monde ·
Kenya plans to open an office in Jeddah, Saudi Arabia, to attract investment from the Gulf and showcase business opportunities in the country. It would be the second pilot office under Kenya’s international investment promotion model, after the one launched in Hangzhou, according to the Kenyan Embassy in Riyadh, cited by Capital FM.
🇰🇪 Kenya · Source: Capital FM ·
The Egyptian government is studying the creation of an integrated investment and logistics zone around New Capital International Airport. The project is intended to host economic, industrial and logistics activities, attract foreign investors and make better use of public assets, according to government spokesperson Mohamed Adel.
🇪🇬 Egypt · Source: Egypt Independent ·
Egypt builds 341-kilometre railway in SinaiEgypt is building a 341-kilometre railway between Bir al-Abd, Arish and Ras El-Naqab, near Taba Airport, with the participation of 11 national companies. Transport Minister Kamel Al-Wazir inspected the works, which also include port and industrial branches, Daily News Egypt reports.
Vermeg comes under Advent’s control, Ouali remains a shareholderUS fund Advent International has signed an agreement to acquire control of Vermeg, a Tunisian software publisher for the financial markets and life insurance sectors. Founder Badreddine Ouali will retain a stake and the vice-chairmanship, while Abu Dhabi Investment Authority will become a minority co-investor, according to Business News.The week in Africa
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