CLIMATE FINANCE-

IFC, CIB collaborate to help reduce emissions in Egypt: The International Finance Corporation (IFC) partnered with the CIB to reduce carbon emissions and boost green financing in Egypt especially, according to a statement (pdf). The partnership will see the IFC’s climate advisory program assist the CIB in supporting its clients in carbon-intensive industries, including oil and gas, transport, and real estate, slash their emissions.

M&A-

Osool ESB’s board approved Abu Dhabi-based Amass Investments’ offer to acquire aEGP 100 mn stake in the EGX-listed brokerage firm through capital increase, according to an EGX filing (pdf). Osool will appoint an independent financial advisor to prepare a fair value study for the company.

Remember: The Emirati firm earlier this month submitted a binding offer for the stake.

LOGISTICS-

Egytrans, SCZone, and Nafith partner on smart truck yard: The Suez Canal Economic Zone (SCZone) has signed a contract with transport and logistics players Egytrans and Nafith International to develop a smart truck yard in West Port Said Port at an investment cost of EGP 250 mn, according to a press release (pdf). The 114k sqm project is set to streamline trucking processes, alleviate congestion and boost operational efficiency via automated gates, smart container identification, and data integration.

A new JV: The project will be developed and operated by a JV dubbed Nafith Masr. The JV will have a EGP 60 mn capital, with Nafith holding a 70% stake and Egytrans holding the remaining 30%, according to an EGX disclosure (pdf).

CAPITAL MARKETS-

Capital Med to list on the EGX? Badr City’s medical city Capital Med is planning to make its EGX debut through a direct listing in 1H 2025, Al Borsa reports citing unnamed sources. The company will then move forward with a capital increase to fund the construction of the new phase of the medical city. Al Ahly Pharos will act as the financial advisor and offering manager for the listing.

AUTOMOTIVE-

State-owned El NasrAutomotive will begin assembling passenger cars locally in 3Q 2025, Al Shorouk quotes Public Enterprises Minister Mohamed El Shimi as saying. El Nasr Automotive restarted operations in November after a 15-year hiatus, delivering its first batch of electric 49-passenger buses in partnership with China’s Yutong to Transport Ministry-affiliated companies. That same month, the automaker announced a JV with Al Safy Group to assemble global car brands for the local market and other North African countries. The JV plans to launch three locally assembled models by mid-2025.

STARTUPS-

P1 Ventures eyes Egypt tech investments: P1 Ventures readies Egypt tech startup investments after closing its first USD 50 mn institutional fund, with the Africa-focused VC firm splitting 50% of the fund’s total between investments in Egypt, Nigeria, Kenya, and South Africa, Bloomberg reports. The fund will focus on startups working in the AI, business software, and fintech sectors.

ADVERTISING-

Egyptian Outdoor, Standby team up: Egyptian Outdoor, the outdoor advertising arm of state-owned media giant United Media Services (UMS), signed an MoU with marketing firm Standby to facilitate mutual access to their outdoor advertising spaces, according to a press release (pdf). The collaboration aims to help clients of both companies publish their ads in prime locations, including Cairo International Airport, New Cairo, Sheikh Zayed, and October Gardens.

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