LOGISTICS-

Brazilian investors eye setting up SCZone logistics zone: Seven Brazilian investors are currently conducting studies to establish a logistics zone in the Suez Canal Economic Zone (SCZone), Chief Director of the Arab-Brazilian Chamber of Commerce in Cairo Michael Gamal told Al Borsa.The zone would act as a hub to import corn, soybeans, sugar, and other products that would then be re-exported to other Arab and African nations. More details should be unveiled at some point in 2025, he added.

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Remember: Brazil has been showing interest in investing in logistics and green energy projects in the SCzone for some time — the country has stepped up its interest in the region in general over the last year, exporting more beef and chicken to Egypt and upping its business with Saudi Arabia.

INVESTMENT-

Geyushi to invest EGP 1 bn in the local market: Egypt’s Geyushi Motors plans to invest EGP 1 bn in its heavy-duty trucks business starting next year, vice chairman Khaled Geyushi told Al Borsa. The investments will focus on increasing the local component ratio in its products and enhancing its manufacturing capabilities. Geyushi exports 80% of its buses, with the remaining 20% sold locally.

DEBT-

CIB secures USD 150 mn loan from the IFC: CIB signed an agreement with the International Finance Corporation for a USD 150 mn loan facility with a maturity period of ten years, according to an EGX disclosure (pdf). The loan is intended to help the lender maintain a capital base that can withstand external influences.

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