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Infrastructure 
Kandil Steel borrows USD 25 mn from IFC amid industry headwinds
The money will help the company pay for raw materials and maintain production amid the FX crunch and soaring inflation
It’s day two of the Asian Infrastructure Investment Bank’s annual board meeting in Sharm
Good morning, friends, and happy Tuesday. We have a lot of stuff to get through this morning, so we’re going…
EBRD commits EUR 30 mn to Mediterrania Capital Partners midcap fund
The impact investor’s MC IV fund will target mid-cap firms in Egypt, Morocco and Tunisia, as well as sub-Saharan Africa
EFG Corp-Solutions, Halan and Rawasi all take securitized bonds to market
Companies have sold record volumes of asset-backed securities in 2023
Investors can now trade t-bills in the local market
Traders bought and sold EGP 33.9 bn worth of t-bills during the opening session
Our sovereign bonds could be removed from JP Morgan’s EM index
The investment bank has put Egyptian sovereign debt under review
Oil Min ups oil + gas investment forecast this fiscal year. PLUS: Adnoc, IFC x Banque du Caire, Avanz Capital, Orascom Investment + EgyptAir
The government now expects investment to be up to 60% higher than in the previous fiscal year
AIIB has a pipeline north of USD 1 bn for Egypt, including backing our maiden panda bond –Kouchouk
We spoke with Kouchouk, who also leads constituency six at the AIIB, ahead of the multilateral lender’s annual meeting tomorrow…
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