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El Nasr gives Odin Investments green light to start due diligence
M&A WATCH- El Nasr gives Odin Investments green light to start due diligence: El Nasr Civil Works’ board of directors…
DEVELOPMENT
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Banque du Caire IPO on hold until 2021
IPO WATCH- Banque du Caire’s IPO isn’t happening before 2021: State-owned Banque du Caire’s (BdC) plans to debut on the…
Egyptian consortium lands contract to set up West Africa’s largest solar plant
A consortium of EMG subsidiary ELF Energy and Structural and Geotechnical Research Centre (SGRC) was awarded a contract to build…
Egyptian fintech firm Paymob raises USD 3.5 mn investment
STARTUP WATCH- Local fintech startup Paymob has raised USD 3.5 mn in an investment round led by Global Ventures and…
Orascom Development Egypt sells EGP 104.8 mn land plot to Mangroovy Hotels
Orascom Development Egypt has sold a 40k sqm plot of land in El Gouna to MangroovyHotels for EGP 104.8 mn,…
UK’s CDC Group taps Sherine Shohdy as Egypt coverage director; Bassam Fayed appointed assistant tourism minister
MOVES- The UK’s CDC Group has appointed Sherine Shohdy (LinkedIn) as its new coverage director in Egypt, establishing a “permanent…
Real estate developer HHD to announce new strategy in the coming two weeks
The board of EGX-listed HHD will announce a new corporate strategy in the coming two weeks, Public Enterprise Minister Hisham…
EBRD to provide long-term loan to Egypt for large wind plant in Gulf of Suez
The EBRD has approved a USD 50 mn long-term loan to help finance a USD 560 mn, 500 MW wind…
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