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Gov’t to up wheat cultivation area next year following disappointing 2023 harvest
Local wheat procurement reportedly fell 10% this year
Some investors are interested in state-owned Sinai Manganese. PLUS: Al Habtoor likes the SFE — and news from Suez Cement, TMG, Russian wheat
The company is one of 35 officially earmarked by the government for privatization
Sovereign Fund of Egypt’s authorized capital doubles to EGP 400 bn. PLUS: News from Sodic, Avanz Capital.
SFE chair Hala El Said said recently that the fund’s authorized capital will reach EGP 1 tn within three years
Kharafi National borrows EGP 1.65 bn to expand in the local market
ADI Capital was the financial advisor on the loan
EFG Holding’s private equity arm to invest EGP 4 bn in Egypt-focused vehicles this year
The company is eyeing the SMEs, education, and healthcare sectors
Chinese delegation visits SCZone
Chinese firms recently agreed to invest hundreds of mns of USD in the zone
We’re getting an EUR 54 mn debt swap from Germany to spend on wind power
The money will help link our two new 500-GW wind farms to the grid
SODIC to double construction capex to EGP 6 bn this year
SODIC wants to purchase more than 300 acres on the North Coast
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