Step inside any industrial zone in Egypt, and one truth quickly emerges: energy is the invisible force shaping performance. From steel and cement plants to small workshops producing furniture, plastics, or metal components, energy determines how competitive, resilient, and profitable production can be. Yet, for much of the past two decades, energy decisions across the sector have […]
EFIKA, one of the participants of AUC Venture Lab Spring 2024 Cohort and solar energy developer start-up aiming to provide efficient solutions. In this insightful interview, Ramez George, co-founder of EFIKA explains the operations of the startup and what their team wants to change in the solar energy industry in Egypt.
A Reflection on Renewable Energy in an African Context The African continent offers an interesting landscape on various levels – politically, socially, and economically. 70% percent of Africa’s population is aged below 30, making it a host for the youngest population in the world as well as a fertile space for innovations and opportunities (Mulikita,
This year’s climate summit in Sharm El Sheikh has a clear vision of moving the issue of climate change from negotiation to implementation. In his opening remarks, President El Sisi named climate change as one of the world’s existential threats and he demonstrated Egypt’s commitment to ensure that COP27 becomes the moment where words are
Remittances play a vital socioeconomic role in economies around the world, especially in developing countries where they are the sole source of income for many households. According to the Organization for Economic Co-operation and Development (OECD), “Egypt is the fifth-largest recipient of remittances in the world, reaching USD 26.8 billion in 2019 and nearly 10%
Acquiring $11 billion in funds for the establishment of a petrochemical plant in Egypt is most certainly an uphill battle. However, Carbon Holdings has done exactly that, foreseeing that it will reach financial close and start construction on its Tahrir Petrochemical Complex in the Ain Sokhna Industrial Zone by the end of 2018, managing director
