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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
EBRD to lend USD 50 mn to copper manufacturer UMC
The loan will fund UMC’s FX liquidity for raw material imports
Egypt is boosting its digital infrastructure, with big targets for the next few years
We’ve spent over EGP 100 bn to expand tech and digital infrastructure over the past five years, from expanding fiber…
Elsewedy and Al Kharafi grab electricity transformer station contracts
The government has EGP 7 bn project to establish nine transformer stations in partnership with the private sector
EBRD could greenlight funds for electricity grid modernization
The total project would require EUR 200 mn, with the remaining EUR 35 mn coming from EU grants
Gov’t wants to start drawing on the EBRD’s financial contribution to the NWFE energy project. PLUS: News from Pachin, Vezeeta, Contact Financial, Roboost, and McDonald’s.
The EBRD has pledged USD 200-300 mn to the energy pillar of NWFE, which aims to replace aging gas-fired power…
Negotiations underway for Sixth October-Abu Simbel high-speed rail line loan
We might be getting fresh funding for our second high-speed rail line: The Madbouly government has opened talks with international…
What the markets are doing on 11 October, 2023
MARKET NEWS- Orascom Construction will be paying dividends of EGP 8.5 per share on the company’s 2022 earnings, it said…
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