Environment Ministry signs MoU to establish garbage collection holding company

Gov’t launches sanitation services holding company, will offer stakes to investors: The Environment Ministry signed on Thursday an MoU with the National Bank of Egypt, Banque Misr, National Investment Bank, and the Maadi Company for Engineering Industries to establish a garbage collection holding company, Al Shorouk reports. The government is expected to hold a 51% stake in the company, with the remainder open to other stakeholders including investors, banks, garbage collectors unions, and civil society organizations, MP Mona Gaballah had said last year.