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Infrastructure 
Vodafone takes out EGP 2.1 bn from two bank loans to fund capital expenses
Vodafone Egypt has withdrawn EGP 2.1 bn worth of financing from two bank loans, bank sources familiar with the matter…
Telecoms
Madbouly discusses with Russian telecoms minister cooperation in cyber security
Madbouly talks cyber security with Russian telecoms minister: Prime Minister Moustafa Madbouly discussed with Russia’s Minister of Digital Development, Communications…
SICO to produce 1.2 mn phones in 2019
Egyptian electronics manufacturer SICO aims to produce 1.2 mn phones this year at its facility in Assiut’s technological park, CEO…
Orange Egypt mulling a return to EGX, to invest EGP 5.3 bn this year
IPO WATCH- Orange Egypt mulls re-listing, plans to invest EGP 5.3 bn this year: Our friends at Orange Egypt are…
IBM to provide data and processing services for Fawry
Technology giant IBM will provide data storage and processing services for e-payment platform Fawry, which carries out 2 mn financial…
Banque Misr agrees to give Vodafone Egypt EGP 4.5 bn in credit facilities
Banque Misr has agreed to give Vodafone Egypt EGP 4.5 bn in credit facilities that will be used to fund…
Madbouly meets with reps from 40 US companies
Prime Minister Moustafa Madbouly met yesterday with representatives from 40 US-based companies operating in Egypt to discuss expanding their investments…
Microsoft launches platform for tech solutions to startups in Egypt
Microsoft has launched a platform to provide tech solutions and marketing services to startups in Egypt, Microsoft’s startups initiative director…
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