RECYCLING-

Cemex to manage and operate waste WtE facility in Minya: Cemex signed an agreement with Minya Governorate for the management and operation of a EGP 90 mn waste-to-energy (WtE) facility in Tuna El Gabal in Minya, according to a statement from the Environment Minister. The plant is part of a EGP 278 mn initiative in Minya for waste recycling.

The details: The facility will have a recycling capacity of 20 tonnes per hour, and 320 tonnes per day. The waste will be treated to produce alternative fuel and organic fertilizer, with the rejected waste being disposed of in landfills in the governorate.

This isn’t Cemex’s only WtE projects in the pipeline: Cemex took steps to establish its first waste conversion facility in Gharbia Governorate back in May, with the company signing a partnership agreement to manage and operate a non-hazardous waste recycling and processing plant in El Mahalla El Kubra. In September, the company also inked an agreement with Assiut Governorate for a WtE facility with a monthly processing capacity of 7k tons of waste.

Remember: We heard in August that the government is set to sign contracts collectively worth up to USD 1.2 bn with eight local-foreign consortiums to produce a total of 1.7 bn Kw/h of electricity from municipal solid waste across a number of governorates.

** Want more? We did a deep dive into where our waste-to-energy ambitions stand in a Going Green we published last year. Check out the story here.

FINTECH-

Visa has partnered with local fintech platform Swypex to digitize business payments in Egypt to “transform how businesses manage finances, streamline operations, and adopt smarter payment solutions,” according to a joint statement (pdf). “We are excited to support Swypex in their mission to revolutionize corporate financial management and look forward to the positive impact this collaboration will have on the broader market,” Visa Egypt Country Manager Malak El Baba said.

ENERGY-

#1- Jordan to use Egypt’s floating LNG regassification units: Egyptian Natural Gas Holding Company’s (EGAS) has signed an agreement with Jordan’s National Electric Power Company (NEPCO) that will see Jordan share the use of one of Egypt's LNG storage and regasification units over the next two years, according to a statement from the Oil Ministry. The agreement will enable Jordan to ensure it can process incoming shipments ahead of its fixed Aqaba LNG terminal slated for completion in 2026, according to Reuters.

#2- BP to invest in Egypt’s renewable energy sector: BP CEO Murray Auchincloss signaled the company’s intent to invest in Egypt’s renewables sector and expand its existing hydrocarbon interests in the county in a meeting with President Abdel Fattah El Sisi and Oil Minister Karim Badawy.

REAL ESTATE-

Lasirena to expand in Abu Dhabi with HE Holding: Local real estate and tourism company Lasirena Group formed a strategic alliance with Emirati conglomerate HE Holding to develop projects in Abu Dhabi, Amwal Al Ghad reports. The company is looking at potential expansions into several other countries and will announce a significant expansion in the local market soon, Lasirena Chairman Ahmed Omar said.

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