Germany's BAMAG to set up $17mln wastewater treatment plant in Egypt
Arab Finance: Germany-based company BAMAG is developing a wastewater treatment plant in Egypt, with investments exceeding €15 million, the company's representative Mansour Iskander announced.
During his meeting with Minister of Investment and Foreign Trade Hassan El-Khatib, Iskander noted that the facility will be implemented in partnership with the Egyptian Maintenance Company (San Misr) and backed by European sustainability funds.
Iskander noted that BAMAG leverages EU financing, especially from the European Investment Bank (EIB), allocated to support climate action and pollution reduction projects in Egypt.
This came during El-Khatib's meeting with representatives of an international industrial alliance to explore investment opportunities in industrial wastewater treatment technologies and review prospects for expansion into African markets via Egypt.
The meeting also discussed opportunities for technology transfer and local industry development in line with Egypt's objectives to support water security and drive sustainable growth.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
Gabon Oil Company Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2025 Following Major Asset Acquisition from Tullow Oil
Marcellin Simba Ngabi, CEO of Gabonese parastatal Gabon Oil Company (GOC), is set to speak at Africa's premier energy event, African Energy Week (AEW): Invest in African Energies 2025, which takes place in Cape Town from September 29 to October 3. Ngabi's presence at AEW: Invest in African Energies 2025 signals a bold new era for state-led energy development as GOC transitions from a partner in operations to a primary driver of upstream growth and regional integration. Ngabi's participation comes shortly after the GOC's landmark $300 million acquisition of oil and gas company Tullow Oil's entire Gabonese portfolio, a transaction that includes 10,000 barrels per day (bpd) in production and 36 million barrels of proven reserves. The acquisition underscores GOC's strategic push to ramp up national oil production and attract new investment into Gabon's energy sector. During AEW: Invest in African Energies 2025, Ngabi is expected to share insight into the company's portfolio expansion, detailing how this recent acquisition supports the country's broader production goals. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. With over two billion barrels of proven oil reserves and significant gas potential, Gabon is reasserting its position as one of Africa's most promising energy frontiers. As the country seeks to boost production to 220,000 bpd, GOC is spearheading efforts to optimize mature fields, unlock value from marginal assets and fast-track project development. Recent developments include the GOC's oilfield development partner BW Energy's fast-tracked production start at the Hibiscus South satellite prospect, situated in the Dussafu license, which added 5,000-6,000 bpd within five months of discovery. Meanwhile, in 2024, GOC completed the acquisition of the private equity company Carlyle Group-owned Assala Energy – adding seven onshore licenses, a pipeline network and the Gamba export terminal to its portfolio. These milestones highlight GOC's commitment to rapid asset turnaround and production growth. Beyond oil, GOC is advancing Gabon's Gas Master Plan to monetize the country's three to five trillion cubic feet of natural gas reserves. Strategic initiatives include independent oil and gas company Perenco's $1 billion Cap Lopez LNG terminal – set to come online in 2026 – and the Batanga LPG plant, which became operational in December 2023. These efforts form part of a broader national drive to reduce flaring, strengthen downstream industries and diversify the country's energy mix. At AEW: Invest in African Energies 2025, Ngabi is expected to showcase Gabon's revitalized upstream agenda, highlight new investment opportunities across the oil and gas value chain and outline the national oil company's vision for leveraging international partnerships to drive sustainable growth. His participation is also set to highlight how national oil companies are transforming Africa's energy narrative through bold acquisitions, technology adoption and regional cooperation. 'Gabon's recent acquisitions and project milestones position the country as a rising force in Africa's upstream resurgence. Ngabi's participation at AEW: Invest in African Energies 2025 reinforces the central role national oil companies are playing in unlocking Africa's energy future, and we look forward to his insights on Gabon's strategic roadmap,' stated Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
2 hours ago
- Zawya
Togo: African Development Bank strengthens partnership with civil society
The African Development Bank ( held its first-ever Civil Society Open Day in Lomé, Togo, on 3 June. The event brought together representatives from the Togolese government, around 30 national and international civil society organisations (CSOs), and Bank staff — all committed to strengthening development partnerships in Togo. The key personalities at the event all emphasised this shared vision. Opening the event, Stéphane Akaya, Secretary General of Togo's Ministry of Economy and Finance, stressed the importance of civil society: "This open day with the African Development Bank reaffirms our joint commitment to inclusive and transparent progress. We are seeking to strengthen a tripartite partnership, where civil society is engaged from conception through to evaluation in order to ensure effective, people-centred development." Seconding Mr Akaya's point, Wilfrid Abiola, Head of the Togo Country Office of AfDB Group, said: "The African Development Bank Group remains committed to strengthening collaboration with Togolese civil society, which is a key player in sustainable development.' The CSO Open Day in Lomé aimed to strengthen collaboration between the Bank and civil society by sharing information on the Bank's development operations and projects in Togo. It also sought to encourage dialogue on the role of CSOs throughout the project cycle — from planning and preparation to implementation, supervision, and completion. "We are keen to strengthen our partnership with civil society organisations in Togo, encouraging open dialogue and promoting their full participation in the projects that we support," Zeneb Touré, Head of the AfDB's Civil Society and Community Engagement Division, said. Minemba Traore, Senior Civil Society Officer for West Africa at the Bank Group, shared information on the institution's engagement with CSOs, while Ndey Oley Cole, Senior Programme Officer in the AfDB's Gender, Women and Civil Society Department, presented a summary of the exchanges. Key outcomes and next steps from the discussions included: Greater involvement of civil society: CSOs will be included in all phases of development projects. Creation of a formal dialogue platform: The Bank, government, and CSOs will work together to establish a permanent forum for ongoing consultation. Capacity building for CSOs: Training will be provided in project monitoring and evaluation, proposal writing, and market access strategies. Improved communication: The Bank will share information on its activities in Togo in a more dynamic and accessible way, better meeting the needs of partners and the public. Promotion of social inclusion and diversity: Efforts will be made to ensure greater participation of young people and women in development initiatives. Development of a detailed action plan: Concrete deliverables and clear deadlines will guide follow-up and ensure effective implementation of commitments. The Open Day laid the foundations for closer partnerships, which can provide spaces for exchange, consultation and collaboration between the Bank, CSOs and other stakeholders in Togo. Such an approach will enable the AfDB to better understand local priorities, discuss partnership opportunities and receive input from civil society on the projects that it finances in Togo. The initiative is aligned with the Bank Group's Civil Society Engagement Action Plan 2024-2028, which was approved last year. Under Pillar 3 of this action plan, particular attention will be paid to strengthening dialogue with civil society organisations in the countries where the Bank works. Holding of civil society open days in regional member countries of the Bank is a key mechanism for operationalising this commitment. Distributed by APO Group on behalf of African Development Bank Group (AfDB). Link to photo album:
Zawya
2 hours ago
- Zawya
South Africa's top banks pass first climate stress test but data gaps identified
JOHANNESBURG - South Africa's six systematically important banks passed the central bank's inaugural climate-risk stress test, but the exercise exposed some modelling shortfalls as institutions had not fully embedded climate-risk indicators into their frameworks, a financial stability review showed. The gaps could mask longer-term losses. The review is the central bank's bi-annual report on the health and resilience of the country's financial system. The latest edition was released on Thursday. The six banks, Absa, Capitec, FirstRand , Investec, Nedbank and Standard Bank of South Africa, used climate-scenario frameworks from the Network for Greening the Financial System (NGFS) to model potential losses on their climate-sensitive loans. The NGFS is a global coalition of central banks and supervisors. About one-third of bank books sit in the most exposed sectors to climate change namely real estate, household lending and transport. "There were different challenges in each organization so its hard to make broad-based recommendations," said Vafa Anvari, divisional head of macro financial vulnerabilities in the Financial Stability Department of the central bank. "We were working with the six largest banks on how they intended to close these gaps going forward and we were quite comfortable with what they indicated they will be doing in the next couple of years to close these gaps. "(Since) this was the first exercise of its kind in South Africa, you expect to shake the trees and see what falls out and in that context it was very illuminating." Earlier this month torrential rains and gale-force winds inundated South Africa's Eastern Cape province, triggering property and business-interruption claims.
