馃嚜馃嚞EgyptNorth Africa
Egypt establishes new ministerial economic and entrepreneurship groups
via Egypt Today1 min read
Prime Minister Mostafa Madbouly has announced the formation of two new ministerial groups in Egypt: an economic group and an entrepreneurship group. The ministerial economic group will be chaired by the prime minister himself and includes the deputy prime minister for economic affairs, the governor of the Central Bank of Egypt, and several key ministers, such as the minister of finance, who will also serve as rapporteur and official spokesperson. This group will convene weekly and as needed, with the option to invite other officials and experts. The ministerial group for entrepreneurship will be led by the deputy prime minister for economic affairs and comprises ministers from various sectors including finance, foreign affairs, communications and information technology, and higher education. It also includes the chairperson of the financial regulatory authority, the deputy governor of the Central Bank of Egypt, and the CEO of the Micro, Small and Medium Enterprises Development Agency. This entrepreneurship group will meet at least bi-weekly, or more frequently if required by its chair, and the prime minister will chair its meetings when in attendance.
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Egypt Today.
Egyptian Minister of Water Resources and Irrigation Hani Sewilam announced that Egypt is collaborating with partners to develop initiatives for the sustainable management of green water, the application of artificial intelligence in hydrological forecasting, and the integration of water issues into the three Rio Conventions. He also emphasized efforts to enhance cooperation on non-conventional water resources and transboundary water management. These initiatives, along with others from interactive dialogues, aim to build a legacy for the 2026 UN Water Conference and strengthen international cooperation in the water sector. Sewilam made these remarks during his address at the ministerial preparatory meeting for the 2026 UN Water Conference, co-organized by the UAE and Senegal. He is also co-chair of the third interactive dialogue "Water for the Planet" alongside Japan, and highlighted the inclusive and transparent preparatory process for the conference.
Prime Minister Mostafa Madbouly recently inspected agricultural and livestock projects in Giza and Beheira, highlighting Egypt's commitment to increasing domestic food production and encouraging private investment. Madbouly stated that the agricultural sector is undergoing a significant transformation as part of a state strategy to boost crop and livestock output, meet local demand, and increase exports. He emphasized that agriculture is crucial for sustainable economic development, with food security and rural development being top strategic priorities. The government aims to accelerate livestock production to ensure sufficient supplies of meat and dairy, reduce the gap between production and consumption, stabilize market prices, and decrease reliance on imports. Madbouly noted that the inspection tour included privately owned projects, underscoring the government's support for investors and its view of the private sector as a key partner in economic growth. Minister of Agriculture and Land Reclamation Alaa Farouk detailed a comprehensive strategy to improve livestock farm productivity and economic returns, which involves upgrading existing facilities and establishing new centers with modern technologies for breeding and genetic improvement. The goal is to create a sustainable national production base to maintain stable prices for red meat and dairy products, improve livestock breeds, and modernize milk collection centers, with expanded participation from private companies a
Russia's Ministry of Industry and Trade has informed the Egyptian government of the selection of an industrial developer for the Russian Industrial Zone in the Suez Canal Economic Zone SCZone. Egyptian Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty stated that this selection will accelerate the zone's activation, attract Russian investment, and facilitate the start of operations. This development follows discussions held with Russian officials and company representatives during Abdelatty's visit to Moscow in April 2026. Russian Minister of Industry and Trade Anton Alikhanov acknowledged Egypt's efforts in establishing and operationalizing the zone, citing legislative reforms and investment incentives. Alikhanov reaffirmed Russia's commitment to the project and to enhancing bilateral trade and investment cooperation.