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AI + Innovation (MENA) 
Infrastructure 
Telecom Egypt completes work on 2Africa mega cable
The 45k-km cable will Africa, Europe and Asia and is being worked on a consortium of global companies
Telecom Egypt sale is back on
The government will be selling shares at a 3.8% discount from current share price
Al Kharafi + Samcrete awarded EUR 60 mn in contracts for new water infrastructure in Fayoum. PLUS: Cheaper wheat, better mobile networks, O West deliveries
The companies will build a new wastewater treatment plant and sewage networks under EBRD-backed program
Regulators just greenlit Egypt’s first ever gold investment fund. PLUS: Data center upgrade, new Sawari tech fund, oil + gas exploration.
Gold prices have surged 60% this year on ongoing economic uncertainty
What the markets are doing on 3 April, 2023
MARKET NEWS- Ezz Steel’s net income rose 23.2% y-o-y to EGP 6.6 bn in 2022, according to an EGXdisclosure(pdf). The…
Telecom Egypt appoints new CEO after Adel Hamed submits resignation
Hamed steps down after 4 years as TE’s CEO
Amazon Payment Services lands telecoms payments contract
Banque Misr is the online payments acquirer
Giza Systems wants to spend up to USD 40 mn on acquisitions this year. PLUS: Al Baraka Bank + BdC’s Taly?
The tech company wants to buy Saudi firms that have Egyptian talent
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