The Transport Ministry will sign by the end of the month a USD 430 mn agreement with Progress Rail Locomotive to purchase 50 new locomotives and repair 50 old ones, Minister Kamel El Wazir said. Egyptian National Railways (ENR) signed an MoU with the US-based company last year.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving 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…