Telecom Egy, Huawei to set up Africa’s 1st green tower/Gov. to postpone not started new projects with $component/Egy's agricultural exports hit 6.5M t
Telecom Egypt in cooperation with Huawei Technologies will set up the first eco-friendly, integrated solution to provide mobile networks via utilizing environment-friendly towers made of Fiber Reinforced Polymer (FRP).
Through this cooperation, Telecom Egypt will become the first operator in Egypt and Africa to install this green tower which will serve as the optimum steel alternative, which causes high emissions of carbon dioxide.
Proceeds from the 25% saving certificates launched on Wednesday by the National Bank of Egypt (NBE) and Banque Misr (BM) reached nearly EGP 100 billion in only 48 hours, NBE Vice Chairman Yahia Abou El-Fotouh said.
The vice chairman also revealed that 50% of proceeds were totally new money and not money coming from other certificates, adding that some people exchanged their US dollars to acquire those new certificates.
Today, Monday, the government decided to postpone the implementation of any new projects that have not started and have a clear dollar component.
The government issued 11 new decisions by the Prime Minister regarding the rationalization of public spending in the entities included in the state's general budget and economic public bodies in light of the current economic crisis.
The decisions stipulated that it is not permissible to authorize spending on prohibited items, as an exception, except in the cases estimated by the Prime Minister, and after his approval based on the proposal of the competent authority in the concerned authority, and the Ministry of Finance is provided with this so that it can carry out its affairs.
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Egypt's agricultural exports in 2022 reached nearly 6.5 million tons for the first time ever, reaching a total value of about $3.3 billion, said Minister of Agriculture and Land Reclamation El-Sayed El-Quseir.
According to the report, this year’s exports increased 14% over 2021, from 6,432,565 tons to 5,640,144 tons.
With a large surplus of electrical energy produced in the past eight years, Egypt is perfectly willing to supply Sudan with electricity to meet its energy needs, Egyptian Ambassador in Khartoum Hany Salah said.
Salah added that Egypt had managed to generate 59,000 megawatts of electricity and has produced an energy?surplus?equivalent to 27,000 megawatts. Hence, Egypt, he said, can easily fulfill Sudan’s electricity needs, estimated to be 4,000 megawatts.???
Dr. Mohamed Maait, Minister of Finance, confirmed that the "sustainable sovereign financing framework", which Egypt recently announced, contributes to strengthening the capabilities of "green recovery".?To achieve comprehensive and sustainable development, as the state works to attract environmentally friendly investments such as: “manufacture of electric cars or those equipped with natural gas, solar energy, green hydrogen, desalination of sea water, and generation of energy from wind,” in a way that helps improve Egypt’s competitiveness in the environmental performance index through Increasing the proportion of government-funded green public investment to 50% by 2025.
Egypt’s digital services exports hit $4.9 billion in 2022, the Ministry of Communications and Information Technology said in a statement on January 4th.
The statement added that the sector’s contribution to the gross domestic product (GDP) had reached 5%.
Last year witnessed the opening of 8 digital innovation centers in 8 governorates with more than $600 million in investments in emerging technology companies.