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Mining services group Capital reports second-quarter revenue of $117.3-million, taking first-half revenue to $219-million, up 37.6% year on year. Its new waste mining contract at AngloGold Ashanti's Sukari gold mine, in Egypt, has ramped up faster than expected, while the company has also expanded its Marsa Alam laboratory in Egypt to increase assaying capacity, and full-year revenue guidance remains at $410-million to $440-million.
Consortium to build 900 MW Gulf of Suez wind farmENGIE, Orascom Construction and Aeolus have signed a power purchase agreement with the Egyptian Electricity Transmission Company to build a 900 MW onshore wind farm near Ras Shokeir, in the Gulf of Suez, on a build, own and operate basis over 25 years, with first power due in December 2027 and full commercial operation by mid-2028.
Egypt cited as automotive hub for regional beneficiation driveAt the Manufacturing Indaba, industry body AAAM identified Egypt, alongside Morocco and South Africa, as an automotive manufacturing hub that should draw on neighbouring countries to support the original-equipment manufacturers it hosts, as Africa seeks to beneficiate minerals such as copper into components for global vehicle supply chains.
Egypt Updates
Automechanika successfully hosted the third stop of its Africa Connect Roadshow today in Dar es Salaam, Tanzania, bringing together automotive industry professionals for a day of networking,...
Mining activity across the Middle East and North Africa is entering a period of significant growth, owing to economic diversification initiatives and increased investment in domestic mineral...
There are significant opportunities to develop component manufacturing in Africa to supply vehicle manufacturers, and each country can play a role in the automotive value chain, industry...
Mining services company Capital has reported another quarterly revenue record of $117.3-million for the three months ended June 30. This contributed to stronger-than-expected revenue of...
Telecommunications giant Vodacom Group has partnered with the University of the Witwatersrand (Wits) on a leadership development initiative designed to prepare the next generation of leaders for...
ENGIE, Orascom Construction and Aeolus plan to develop a 900 MW onshore wind farm in the Gulf of Suez.
Multinational fuel and convenience retailer Abu Dhabi National Oil Co (Adnoc Distribution) intends to acquire 100% of the share capital of integrated energy and petrochemical company Shell...
Foreign direct investment (FDI) inflows to Africa reached about $70-billion in 2025, which was below the exceptional $94-billion recorded in 2024, but was the third-highest number since 1990 and...
UK-based Ankh Resources has announced the receipt and disclosure of assay results for the seventeenth and final diamond drill hole (WDD017) of its maiden drilling programme at the Wadi Dara...
Trafigura, Egyptian Aluminium Company, and Metallurgical Industries Holding Company have signed a term sheet and entered into exclusive negotiations to develop the project.
For the first time in nearly two years, less than half of US (liquefied natural gas) LNG exports last month went to Europe as stronger prices in Asia and record imports by Egypt diverted cargoes,...
JSE-listed Vodacom Group has completed the acquisition of an additional 20% effective stake in Safaricom, increasing its shareholding to about 55%. This followed the staying of a conservatory order...
To combat climate change, the world needs green molecules in addition to green electrons. “If we look how the economy is carbonised, an electron can only decarbonise between 60% to 70% of the...
UK impact investor and development finance institution (DFI), British International Investment (BII), invested £1.07-billion in Africa last year. The figure represents 59% of BII’s total...
During his budget vote address on June 23, Trade, Industry and Competition Minister Parks Tau noted that the Department of Trade, Industry and Competition (dtic) and its entities attracted...
As Africa strives to achieve universal access to electricity while supporting economic growth and industrialisation, regional power pools are increasingly being recognised as one of the continent's...
Africa must strengthen its agency in global energy governance and green industrialisation as shifting geopolitical dynamics and accelerating energy transitions reshape global trade and investment...
A consortium led by multinational rail systems manufacturer Alstom has signed four landmark contracts with Egyptian National Railways to modernise Egypt’s strategic railway corridors, covering the...
UK-based Ankh Resources has announced the findings of an independent site visit and gap analysis of its 100%-owned Wadi Dara gold/copper project in the Eastern Desert of Egypt, completed by...
Egypt generated more electricity than South Africa in 2025. South Africa has held the number one spot on the continent since at least 2015, according to Ember’s Global Electricity Review 2026.
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