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THIS EVENING: Banque Misr + NBE launch new USD certificates
Good afternoon, friends. We hope that you’re surviving the heat on this blackout-filled afternoon and have managed to ease back…
Private equity firms eye 25% stake in Al Ahly Momkn
Ahli Capital owns 75% of Al Ahly Momkn
Abou Ghaly ties up with NBE + Metito eyes desalination plants
The desalination plants would have a combined capacity of 200k cubic meters
EBRD has more than USD 530 mn for Egypt, with banks getting the lion’s share
NBE, Banque Misr, and Mediterrania Capital Partners will receive financing from the European lender
Al Ezz Dekheila to delist as government sells its stake
Planning minister says gov’t will receive USD 281 mn through sale of its entire 31% stake
We’re getting an EUR 54 mn debt swap from Germany to spend on wind power
The money will help link our two new 500-GW wind farms to the grid
Ezz Dekheila Steel handed EGP 20 bn+ valuation ahead of potential stake sale
Steel giant Ezz Steel could acquire a 14% stake held by state banks in its EGX-listed subsidiary
China’s Vivo begins producing local smartphones
Four international brands are now making smartphones here
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