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The IFC is weighing a USD 120 mn debt investment for Alcazar Energy’s acquisition of 580 MW Gabal El Zeit wind farm
Good morning, friends. Today we have three stories about decisions in progress — a draft union law under review, a…
CIRA Education’s net enrollment rises to 84k students, surpassing target
PLUS: AI subsidiary Raya Nexus launched with an issued capital of EGP 250 mn
Egypt’s infrastructure guarantee facility draws 10 development partners ahead of a December World Bank board vote
Ten development finance institutions have signed onto Egypt’s USD 520 mn IFGF, the broadest multilateral backing for the vehicle since…
Traders move tankers to Port Said and Sidi Kerir as Saudi partially restarts East-West oil pipeline
Good morning, friends. We are heading to the weekend and two main stories have our attention — one about a…
EBRD lends USD 40 mn to EFG Holding in first direct facility for MSMEs
The EBRD’s first-ever direct loan to EFG Holding will channel financing through EFG Finance subsidiaries to MSMEs outside Egypt’s major…
Egypt’s economy absorbed Iran war shock better than expected, but vulnerabilities remain -IMF
Egypt’s flexible exchange rate and swift policy response absorbed the Iran war shock better than any previous regional crisis, the…
InstaPay to connect with pan-African payment system as six Egyptian banks apply for integration
PAPSS-InstaPay integration would let Egyptian traders settle with African counterparts in local currency, but the near-term impact is limited
Paymob secures backing from Abu Dhabi sovereign investor and EBRD
The latest round takes Paymob’s total disclosed funding to roughly USD 125.5 mn, by our math
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