HEALTHCARE-

Siemens to build smart health facilities in Egypt: The Egyptian Healthcare Authority and German firm Siemens agreed to ink an MoU on Monday to upgrade the building management systems of EHA facilities with smart technology, according to an authority statement. The revamp aims to increase the efficiency of the facilities, reduce energy consumption and disruptions, and improve patients’ comfort and safety, EHA chairman Ahmed El Sobky said.

TELECOMS-

Indian telecom maker to manufacture its products in Egypt: Indian telecom equipment manufacturer Tejas Networks has inked an MoU with Telecom Egypt, the Information Technology Industry Development Agency, and the National Telecommunications Institute to manufacture its products in Egypt and establish research, training and customer support centers, according to a statement from the Communications Ministry.

FINTECH-

Local fintechs Paymob and MID Takseet pair up to expand payment and financing plans: Paymob will now offer MID Takseet’s payment plans and financing services through its point of sale terminals used by 250k merchants throughout the country, MID Takseet said in a statement (pdf).

DEVELOPMENT FINANCE-

Afreximbank could give a helping hand to private sector support platform Hafiz: Afreximbank President Benedict Oramah discussed linking its own Engineering, Procurement and Construction initiative to support the private sector with the International Cooperation Ministry’s Hub for Advisory, Finance, and Investment for Enterprises platform (Hafiz) with International Cooperation Minister Rania Al Mashat, according to a statement from the ministry.

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