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Also on our radar on 7 February 2021
EGX-listed snackfood maker Edita has expanded its wafer segment with the launch of Freska Block, according to a company statement…
170 closer to 1k: Natural gas filling stations to be set up next month
From mid-March to mid-April, around 170 new stations will be ready to fill up cars running on natural gas, the…
Counting cars
Car sales boomed in 2020, despite the pandemic: Passenger car sales rose 32% y-o-y in 2020, even as the pandemic…
Auto component industry feels the covid burn
Sales of auto components fell 20-30% in 2020 as the pandemic caused a slowdown in the domestic auto assembly industry,…
More EVs, coming right up
EV production plans seeing the light? A project to locally assemble electric vehicles between the Military Production Ministry and an…
Also on our radar on 24 January 2020
Some 1.4 mn tourists visited Egypt between the resumption of international flights on 1 July and the end of the…
Everybody loves debt…
A fresh EGP 170 mn securitized bond issuance EFG Hermes is looking to take to market should soon get regulatory…
One step forward for our EV future
Egypt took a step toward its electric vehicle future after state-owned El Nasr Automotive signed two contracts with China’s Dongfeng…
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