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ABB plans to invest USD 20 mn to expand its electrical transformers production plant in Tenth of Ramadan within two years, Managing Director for Egypt, North and Central Africa Naji Jreijiri tells Al Shorouk. ABB spent USD 15 mn to establish a new line to manufacture electrical substation, he added. The company is looking to […]
Author Archives: enterpriseam admin
Posted inInfrastructure
EBRD lends EUR 186 mn for Fayoum wastewater treatment project
The European Bank for Reconstruction and Development (EBRD) is lending the Fayoum Water and Wastewater Company EUR 186 mn to develop and expand its wastewater services. The loan is complemented with a EUR 172 mn loan from the European Investment Bank, with the EU Neighbourhood Investment Facility extending an investment grant of EUR 30 mn […]
Posted inBasic Materials + Commodities
Cultivation season to grow fertilizer demand next month
Demand for fertilizers is expected to grow in the coming weeks, as cultivation season for rice, corn, cotton, and many vegetables and fruits begins, the head of the Agricultural Cooperative Federation tells Al Mal. During these peak months between end of May and late June, producers will need to pump at least 10k tonnes of […]
Posted inBasic Materials + Commodities
Egypt purchases 2.9 mn tonnes of local wheat since harvest season began
Egypt has purchased a total 2.9 mn tonnes of wheat from local farmers since the start of harvest season in April, a Supply Ministry spokesperson said on Sunday, according to Reuters. The government is looking to buy a total 3.5-4 mn tonnes of wheat by the end of harvest season in July.
Posted inHealth + Education
Egyptian women’s life expectancy at birth climbs to 73.3 years in 2016
Life expectancy at birth for Egyptian women climbed to 73.3 years in 2016 from 70.5 year in 2009, Ahram Online reports, citing a CAPMAS report. “The increase in the average age of women comes despite an increase in the female death rate, which increased from 5.6 in every 1,000 females annually in 2008 to 6.0 […]
Posted inTelecoms + ICT
ADSL customer numbers down 90k in February as mobile data subscribers grow in number
ADSL providers lost 90k subscribers in February, falling to 4.37 mn subscribers compared to January, according to the CIT Ministry’s indicators in brief report. We suspect TE Data’s near-monopoly status and poor service has a lot to do with that, given that more people are migrating to 3G data packages, demand for which grew by […]
Posted inTelecoms + ICT
Vodafone Egypt to submit domestic roaming offer to Telecom Egypt
Vodafone Egypt is planning on submitting an offer to provide domestic roaming to Telecom Egypt (TE) next week, sources told Al Mal. Etisalat Misr and Orange Egypt have already reached agreements with TE. Sources add that Vodafone Egypt had already submitted two offers previously, but TE had asked for amendments in pricing and geographical scope. […]
Posted inAutomotive + Transportation
Cairo Metro Line 1 requires EUR 990 mn to complete development
Cairo Metro’s Line 1 needs EUR 990 mn in order to complete development plans, Transport Minister Hisham Arafat said, Al Shorouk reports. The sum includes EUR 360 mn for infrastructure costs and the rest for train cars. Arafat says the Ministry is currently assessing funding proposals from the European Investment Bank, the European Bank for […]
Posted inAutomotive + Transportation
Transport Ministry to select between Italian and Hungarian bids for 700 train cars
Italian companies are offering to supply 700 train cars 30% cheaper than the nearest offer, Transport Minister Hisham Arafat says, according to Al Borsa. The Transport Ministry is deliberating two rival bids from Italy and Hungary to supply the 700 train cars to the National Railway Authority. Negotiations are expected to be completed before year-end, […]
Posted inAutomotive + Transportation
National Company for Roads to hand highway management over to NAT
The National Company for Roads (Watanya)will hand highway management over to the National Authority for Tunnels (NAT), which will also receive 50% of earnings from toll stations across the country, a top NAT official tells Al Borsa.