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OIH will split into two companies: One running financial services, the other with all other investments
DEMERGER WATCH- Who gets what as OIH splits in two? The Financial Regulatory Authority (FRA) has approved Orascom Investment Holding’s…
United Bank sale on ice until covid has passed
M&A WATCH- United Bank sale on ice until we fully emerge from pandemic: The sale of state-owned United Bank to…
SFE in talks with investors, traders to develop EuroAfrica electricity link
SFE in talks with investors, energy traders to develop EuroAfrica electricity link: The Sovereign Fund of Egypt (SFE) has opened…
The state goes on the offense to repatriate allocated land plots from investors
The Industrial Development Authority (IDA) is gearing up to repossess industrial land from companies that “aren’t serious” about meeting construction…
SFE officially launches financial services sub-fund
INVESTMENT WATCH- SFE officially launches its first sub-fund dedicated to financial services: Planning minister and chairperson of the Sovereign Fund…
Egypt Kuwait Holding raises stake in Delta Insurance to 61.5%
M&A WATCH- Egypt Kuwait Holding (EKH) has raised its stake in Delta Insurance to 61.5% from 56.5% in a EGP…
LG Egypt to invest USD 50 mn in manufacturing facilities over the next three years
INVESTMENT WATCH- LG Egypt to invest USD 50 mn in manufacturing over the coming three years: LG Egypt is planning…
SFE wants in on desalination plants
INVESTMENT WATCH- SFE to invest EGP 30 bn in desalination build-up: The Sovereign Wealth Fund of Egypt (SFE) has been…
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