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Infrastructure 
Alexbank secures USD 15 mn from EIB for green on-lending
The funding comes as part of the Green Economy Financing Facility
Citi appoints new head of North Africa, Levant and Central Asia
Hafeez’s appointment comes following a restructure of the bank’s Middle East and Africa operations
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.
Ezz Steel looks to acquire gov’t-owned shares of Ezz Dekheila Steel
The company would acquire 14% of Ezz Dekheila from the National Investment Bank and the National Bank of Egypt
Mashreq investment bank appoints new tech chief
Mohamed Abdel Hamid Abdel-Razek has 30 years of experience in the tech sector
Egypt’s current account enters the black for the first time since 2014
Thank import curbs, which narrowed the country’s trade deficit to 12-year lows
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
Avanz to launch low-carbon fund in 2024. PLUS: CIB share trade under review, Exits gets IB license
Avanz Capital Management will launch an EGP 1 bn Egypt-focused fund within two months
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