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Posted inEnterprise+: Last Night’s Talk Shows
Egypt’s role in Africa, vocational training at Zagazig University on last night’s talk shows
It was a rather bland night on the nation’s airwaves, with few noteworthy topics other than Egypt’s emerging role in Africa and the inauguration of new facilities at Zagazig University. The internet and social media and the laws governing them took up the majority of Al Hayah Al Youm’s episode last night, with host Khaled […]
Posted inSpeed Round
EFG to invest USD 60 mn in education, pharma acquisitions
INVESTMENT WATCH- EFG Hermes to invest USD 60 mn in education, pharma acquisitions: EFG Hermes is set to acquire schools in Cairo and Alexandria in a USD 30 mn transaction, and will invest another USD 30 mn in a transaction in the pharma sector, Private Equity Head Karim Moussa said at a press conference yesterday, […]
Posted inSpeed Round
B Investments’ Giza Systems wins c.USD 30 mn smart water waste project in KSA
B Investments’ Giza Systems awarded USD 30 mn contract for Saudi water project: B Investments’ Giza Systems has won a c.USD 30 mn contract to supply, install and replace the water waste system in northern and north-western regions of Saudi Arabia, the company said in a press release (pdf). The project was awarded to Giza […]
Posted inSpeed Round
NACCUD close to securing EGP 18 bn-worth agreement with UAE developer
INVESTMENT WATCH- NACCUD close to securing EGP 18 bn agreement for housing project with UAE investor: The New Administrative Capital Company for Urban Development (NACCUD) is close to securing an agreement with an unnamed UAE investor for an EGP 18 bn, 12k-feddan housing project, NACCUD boss Ahmed Zaki Abdeen told the local press without providing […]
Posted inSpeed Round
Farm Frites Egypt to invest EGP 300 mn to launch new product
INVESTMENT WATCH- Farm Frites to invest EGP 300 mn to launch new potato line: Farm Frites Egypt is planning to invest EGP 300 mn in two production lines to launch a new variety of pre-fried potatoes mixed with eggs and seasoned air-dried cured beef(basterma), company head Ashraf Al Quttaim told the press. The new lines […]
Posted inSpeed Round
Africa is the key for Egypt cement export growth -Shuaa
Africa is the key for Egypt cement export growth -Shuaa: Egyptian cement companies should look to Africa to expand their exports and clear excess production, Mai Abdelaziz, equity analyst at Shuaa Securities, wrote in a note. Sub-Saharan countries are projected to need an additional 10-15 mn metric tonnes per year amid increasing housing and infrastructure […]
Posted inSpeed Round
Egypt’s exporters have four new ways to claim their overdue payments
Exporters now have four new ways through which to claim their overdue payments from the Export Subsidy Fund, according to a letter from the Trade Ministry seen by the press. Under the new framework, exporters could receive discounts on their obligations to the electricity, oil, and investment ministries and claim redeemable IOUs from the Finance […]
Posted inSpeed Round
SODIC signs agreement with CIB to raise loan size to EGP 500 mn
SODIC gets top-up on CIB loan: Real estate developer SODIC has signed an agreement with CIB to raise the limit of a medium-term facility to EGP 500 mn to speed up construction of its October Plaza and complete it ahead of schedule, the company said in a statement (pdf). “It is a pleasure to work […]
Posted inSpeed Round
Foreign holdings of sovereign Egyptian debt at USD 19.2 bn mid-June
Madbouly presents final FY2018-2019 figures: Egypt’s economy grew 5.7% in the final quarter of the fiscal year 2018-2019, Prime Minister Madbouly said at a presser yesterday, according to a cabinet statement. The budget deficit recorded 8.2% of GDP, or EGP 431 bn, falling below the government’s target of 8.4% for the fiscal year. The debt-to-GDP […]