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Egypt in line to join Africa Finance Corporation, potentially unlocking fresh investment
Egypt is one step closer to becoming a member of the Africa Finance Corporation (AFC) after the cabinet approved plans…
GM eyes further Egypt investments as gov’t incentives auto exports
General Motors could be looking to invest more in Egypt. That’s the key takeaway from GM MEA President and Managing…
Egypt gets almost USD 2.8 bn of IMF’s record SDR allocation
Egypt will receive a foreign currency boost equivalent to c. USD 2.8 bn through the IMF’s new SDR allocation, which…
Health management player Heka raises pre-seed funding
Cairo-based health management startup Heka has raised a seven-figure USD pre-seed funding round led by angel investor Mohamed El Khamissy,…
EKH plans five year, USD 500 mn investment drive
Egypt Kuwait Holding (EKH) plans to invest a total of USD 500 mn over the next five years. The investment…
Global dividends to bounce back to pre-pandemic levels this year
Big paydays are back for the world’s shareholders: Global dividends will bounce back to a near pre-pandemic level of USD…
More EBRD finance for the Cairo Metro?
Egypt could receive an EUR 250 mn loan from the European Bank for Reconstruction and Development (EBRD) to finance upgrades…
SFE lining up USD 2.5 bn in private-sector investment for desalination plants
SMART POLICY- The Sovereign Fund of Egypt (SFE) is looking to do with desalination what Egypt did last decade with…
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