First idle factory to receive EGP 10 mn in funding soon

Misr Capital Ventures is preparing to begin funding the first idle factory on its list, board member and former CEO Hany Tawfik said yesterday, Youm7 reports. The company will provide the factory with EGP 10 mn in financing necessary for it to restart operations once due diligence is complete, Tawfik added, without providing a timeframe.