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Infrastructure 
FAB + Europe Arab Bank to contribute to Elsewedy’s USD 150 mn IFC loan
More details on the IFC’s USD 150 mn loan to Elsewedy Electric: First Abu Dhabi Bank and Europe Arab Bank…
Hassan Allam Properties takes out EGP 1.8 bn loan for West Cairo development
A Hassan Allam Properties subsidiary has secured EGP 1.8 bn in financing from the National Bank of Egypt (NBE) and…
Logistics startup Naqla raises USD 10.5 mn in pre-series A funding
Trucking startup Naqla has raised USD 10.5 mn in a pre-series A round led by El Sewedy Capital Holding, Hassan…
Digital Africa will invest in 200 African startups over the next three years
France-backed initiative to fund 200 African startups by 2025: French government-backed initiative Digital Africa will turn to a forprofit model…
Omani firm wants to manage the Ring Road’s BRT system + Raya wants in on EVx
Omani investment firm eyes BRT: Omani investment group Bin Omeir Holding has expressed interest in operating the Cairo Ring Road…
Gov’t to begin signing off on USD 3 bn of water desalination bids in 1H2022
Gov’t to rule on USD 3 bn-worth of desalination bids in 1H2022: Al Nowais, ACWAPower, Mitsubishi, Schneider Electric, Shanghai SafBon…
Wheat tender price rises again
Wheat tender price rises again: GASC bought 60k tonnes of Romanian wheat in an international tender for shipment between 1-15…
Egytrans walks away from HAUH takeover bid
Egytrans pulls the brakes on HAUH takeover: A potential reverse merger between Egytrans and Hassan Allam Utilities Holdings (HAUH) subsidiary…
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