DEBT-

Afreximbank earmarks USD 500 mn for Elsewedy and Arab Contractors: The African Export-Import Bank (Afrexim Bank) has signed credit facilities worth USD 300 mn to Elsewedy Electric and USD 200 mn to Arab Contractors to help finance projects in Africa, according to a statement picked up by Hapi Journal. Afreximbank previously supported the Julius Nyerere Dam in Tanzania, which was developed by Elsewedy and Arab Contractors under a USD 2.9 bn contract.

PHARMA-

Premium Diagnostics snaps up 50% stake in Jordan-based medical labs:PremiumDiagnostics — a pharma distributor recently established by former Speed Medical chairman Mahmoud Lasheen and foreign investors —has acquired a 50% stake in an undisclosed Jordan-based medical laboratories firm for USD 4 mn, Lasheen told Al Mal (watch, runtime: 59:18). The acquisition will support the company’s plan to set up medical labs in Egypt, Saudi Arabia, and Jordan, he said.

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