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Infrastructure 
Infinity Power inks big Senegal contract. PLUS: Kuwaiti oil, digital banks, and aircraft
The battery energy storage system will supply Senegal with 40 MW of clean energy
Fitch cuts bank credit ratings following sovereign downgrade
Fitch, S&P and Moody’s have all downgraded Egypt’s sovereign rating over the past month due to rising debt concerns
United Bank’s United Finance closes EGP 617.5 mn securitization
The issuance was backed by a EGP 933 mn leasing contracts portfolio
Sky, Reliance Logistics in talks with BdC to fund multipurpose terminal at East Port Said port. Plus: Banque Misr land sale
Plus: The Egyptian Holding Company for Silos and Storage wants to borrow EGP 5 bn to fund silo expansion
EBRD could invest USD 40 mn in SPE Capital’s new North Africa-focused fund
The USD 350 mn fund will invest in mid-cap companies in Egypt, Morocco, and Tunisia
S&P cuts three local banks credit rating days after downgrading sovereign rating
The rating agency cut Egypt’s sovereign credit rating deeper into junk last week due to the increasing FX shortage and…
EIPICO wants USD 70 mn to build third factory. PLUS: GYPTO Pharma signs EGP 4 bn worth of agreements with Saudi firm
The two banks in question to provide the funding are Qatar National Bank and Banque du Caire
IDG-led consortium to sign MoU to develop Beni Suef dry port. PLUS: Jumia + Aman, Valu + EBI, Rakta + Al Ahly Pharos, Kima + Tecnimont
The port project could require some USD 500 mn according to a local news outlet
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