RENEWABLES-

Infinity Power ink agreements for landmark solar projects in Côte d’Ivoire: Our friends at Infinity Power have signed two concession agreements with the government of Côte d’Ivoire to build two solar plants with a total capacity of 80 MW in Touba and Laboa, the company said in a press release(pdf). The agreements, part of the World Bank’s Scaling Solar initiative, mark Infinity Power’s first collaboration with Côte d’Ivoire and are set to supply electricity to over 400k people. The projects also include the construction of 17 km of transmission lines to connect the plants to the national grid.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

What they said: “Being entrusted with projects of this importance demonstrates our ability to deliver on Africa’s energy potential. These solar plants will not just bring affordable electricity to hundreds of thousands of people but will also empower communities, strengthen infrastructure, and accelerate the country’s progress toward a decarbonised future, ” said Chairman Mohamed Mansour.

M&A-

Middle East Glass Manufacturing’s board approved the merging of three of its subsidiaries into the company, the company said in a disclosure(pdf) to the EGX. The proposal to absorb Misr Glass Manufacturing, MEG Misr for Glass, and Middle East Glass Containers-Sadat will be presented to the general assembly for approval.

REAL ESTATE-

Madinet Masr launched its EGP 90 bn New Heliopolis development Talala, the local real estate player said in a statement(pdf). The development is expected to bring in EGP 202 bn in sales, with units delivered within 4 and a half years.

What they said: “The project reflects Madinet Masr’s strategy in building integrated and sustainable urban communities according to the highest standards of quality and luxury,” said CEO Abdallah Sallam.

across several sectors in the local market, according to an EGX disclosure (pdf).

EDUCATION-

Five new applied tech schools for pharma industry incoming: The government will establish five applied technology schools specialized in pharma and healthcare under a new cooperation protocol signed yesterday by the health and education ministries, the Egyptian Drug Authority, and an Italian pharma tech school, according to a statement. The schools — set to open their doors in the 2025-2026 academic year — will offer dual certifications combining local technical diplomas and international training credentials.

DEBT-

Raya Holding For Financial Investments’ subsidiary Raya Integration has secured a EGP 1 bn integrated credit facility from Midbank, which will be used to fund its growth plans, in addition to supporting its digital transformation and technological efforts

Tags: