Toyota has reportedly agreed to switch the engines on all 100k Toyota-branded microbuses currently on Egypt’s streets to run on natural gas instead of diesel fuel, the local press reports, citing an unnamed government source familiar with the matter. The company expects to complete the process in four to six years. The decision comes as part of the government’s efforts encouraging citizens to install dual-fuel engines to increase fuel efficiency and protect the environment.
More from Enterprise
AI in Egyptian banking is “in its infancy,” and the pause is deliberate
Bankers say the rules aren’t written yet. Data center builders…
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…