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What we’re tracking on 9 July 2019
Good morning and happy hump day, everyone. We’re still barely halfway through the week, but we’re getting there. And we’re…
Saudi’s Al-Romaizan to set up EGP 500 mn gold factory in Egypt
Saudi’s Al-Romaizan for Gold & Jewellery is planning to set up a EGP 500 mn gold processing factory in Egypt,…
Why investors are abandoning triple-C debt: An explainer
During recessions, investors tend to shy away from triple-C debt. Sounds like a no-brainer, right? Not quite. Monetary policy makers…
It’s been hailed as a great African success story, but does Jumia represent a new kind of colonialism?
It’s been hailed as a great African success story, but does Jumia represent a new kind of colonialism? The Nigeria-based…
Actis gets approval to take over management of CHG’s majority shareholder
M&A WATCH- Actis gets regulatory approval to manage Cleopatra Hospital’s majority shareholder: EM private equity fund Actis received approval from…
House nods to Investment Act, law allowing foreigners to obtain Egyptian passports
LEGISLATION WATCH- It was a busy day at the House of Representatives as MPs rush to clear bills off their…
Raya Auto plans investing EGP 300 mn in making motorcycles and electric vehicles
INVESTMENT WATCH- Raya Auto plans to invest EGP 300 mn in three years: Raya Holding’s automotive unit Raya Auto is…
Egypt’s current account deficit almost doubles in 3Q2018-2019
Current account deficit almost doubles in 3Q2018-2019 as non-oil imports rise: The current account deficit almost doubled during 3Q2018-2019 to…
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