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Qalaa revenues more than double in 2022 on record refining margins. PLUS: CIB, ODE report 1Q23 earnings
High oil prices fueled a 162% rise in revenues at the Egyptian Refining Company
EBRD to invest in RMBV’s USD 300 mn North Africa fund
The USD 300 mn fund will pour investments in companies in Egypt, Morocco, and Tunisia
Alexbank secures USD 15 mn from EIB for green on-lending
The funding comes as part of the Green Economy Financing Facility
Egypt Education Platform + Modon to launch new school in Alex in 2025. PLUS: News from Banque Misr, MaxAB, Kandil Steel, Qardy, NOSCO, Mastercard and Skoda
Construction on the school will start next year.
Proparco commits USD 5 mn to Disruptech. PLUS: Cairo hosts counterterror forum.
Disruptech has so far invested 40% of its capital in tech startups
Al Kharafi + Samcrete awarded EUR 60 mn in contracts for new water infrastructure in Fayoum. PLUS: Cheaper wheat, better mobile networks, O West deliveries
The companies will build a new wastewater treatment plant and sewage networks under EBRD-backed program
EFG Hermes, e-Finance among 10 companies recognized in 2022 EGX Excellence Awards
The EGX named EFG Hermes best financial securities trader
Foreign investors flock to the gov’t’s Darah Provincial Capitals housing development project
The project aims to develop housing and infrastructure in provincial capitals
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