FEBRUARY 19 February-11 March (Sunday-Saturday): 2023 Africa U20 Cup of Nations, Egypt, various locations. 23-27 February (Thursday-Monday): Annual Business Women of Egypt’s Women for Success conference. 23 February (Thursday): Telecom Egypt to announce its 2022 results. 24-26 February (Friday-Sunday): The Egyptian Private Equity Association and the African Private Equity and Venture Capital Association are hosting […]
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THIS MORNING: Investors to wrap up sukuk roadshow tomorrow
Good morning, wonderful people, and happy Sunday. We hope your weekend was relaxing and that you’re looking forward to a productive week. We’re very happy this morning to welcome Saleh, Barsoum & Abdel Aziz (GrantThornton) to EnterpriseAM as the sponsor of our popular Also on Our Radar section, which offers an essential roundup of headlines […]
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State pharma firms could offer minority stakes within six months
Two state-owned pharma firms to sell minority stakes within six months? The government wants to sell sizable minority stakes in two state-owned pharma companies earmarked for privatization in the coming six months, Al Mal reports, citing unnamed sources it says are familiar with the matter. Between 30-40% of Chemical Industries Development Company (CID) and Misr […]
Egypt weathered the global M&A slowdown last year
Deal count remained more or less flat at 242 transactions
Palm Hills closes EGP 638 mn securitization
Palm Hills Developments (PHD) has closed an EGP 638 mn securitized bond issuance, according to a joint statement (pdf) from Palm Hills and EFG Hermes, the sole financial advisor on the sale. About the issuance: The issuance’s three tranches have tenors of 13, 36, and 84 months and ratings ranging from AA+ to A from […]
Chevron is trying to figure out a way of exporting Cypriot gas via Egypt
Chevron takes a step forward on plans to process Cypriot gas here: Chevron has officially requested permission from Shell to use its underutilized West Delta Deep Marine (WDDM) facilities on Egypt’s Mediterranean coast to process gas from Cyprus’ Aphrodite field, oil and gas publication MEES reports. Chevron is a 35% partner in the Aphrodite field, […]
Gov’t lifts price cap on rice
Last night’s talk shows: Food prices and news of the release of six Egyptians kidnapped in Libya got a lot of attention on the talk shows, while the aftermath of the Syria-Turkey earthquakes continued to get coverage. It looks like the government has ended its price cap on rice a month early: Adecree by Prime […]