Raya Holding is looking to acquire a minority stake of no more than 25% in a USD 70 mn agricultural products factory in Uganda, according to an EGX disclosure (pdf). The factory’s capital is USD 24 mn, and Raya’s potential stake will be valued at a maximum of USD 5.8 mn.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…