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Infrastructure 
Local players are setting up a USD 100 mn healthcare venture
The new venture will establish 1k clinics targeting low-to-middle income families in Egypt
Egyptian-American Enterprise Fund to finance Tanmiya Capital Ventures fund. PLUS: City Lab stake sale fast approaching
The Egyptian-American Enterprise Fund will provide USD 50 mn in financing for Tanmiya Capital Ventures’ upcoming fund
Macro Group turns to losses in 2023
The losses were driven by a dip in revenues and higher finance cost
Gov’t proposes increasing spending on education, social security, healthcare in FY 2024-25 draft budget
Funds directed towards social protection are up 20% y-o-y to EGP 636 bn
Edita looks to acquire Bisco Misr?
Edita is yet to submit an official offer or take any tangible steps towards acquiring the company
IDH saw its revenues rise 14% in 2023
IDH’s revenue grew 33% y-o-y in 4Q 2023 to EGP 1.1 bn
Gov’t unveils new economic and social development targets for the next fiscal year
The Madbouly government now sees the economy growing at a 4.2% clip in fiscal year 2024-2025
Siemens to build smart health facilities in Egypt. PLUS: Tejas Network, Paymob + MID Takseet, Afreximbank + Hafiz
The revamp aims to increase the efficiency of the facilities, reduce energy consumption and disruptions, and improve patients’ comfort and…
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