Other things we’re keeping an eye on this morning:

  • The Holding Company for Food Industries has reportedly acquired a 17% stake in Fayoum Sugar Works for EGP 305 mn, upping its stake in the company to around 20%. Banque Misr, the National Bank of Egypt, Misr Ins. Company and Misr Life Ins. were the sellers, with Banque Misr making a full exit. (Al Mal)
  • A ship carrying 11k tons of corn was set to leave Ukraine’s Odessa port yesterday for Egypt. (UN News)
  • Lafarge Egypt will help Raya Holding’s freight subsidiary Ostool convert the fleet trucks serving the building materials producer to operate on natural gas. (Statement, pdf)
  • Sharm El Sheikh will host the telecoms industry’s Global Symposium for Regulators in the second half of 2023. (Statement)
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