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Banque Misr’s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita
MDI received preliminary approval last week from the Central Bank of Egypt to launch Onebank
Raw material availability is still a hurdle for local industry
Last year, the Industrial Development Authority offered 152 projects for production inputs for five critical industries
Egyptian farmers in Greece. PLUS: Fresh investments from Prometeon and DisrupTech and an outsourcing freezone?
Greece could extend seasonal employment contracts to Egyptian construction and tourism workers as well
Eva Pharma gears up to roll out veterinary vaccines from its new complex
The company has already invested EGP 980 mn on the first phase of the EGP 1.8 bn complex
Telecom Egypt eyes USD 500 mn loan from Chinese lender. PLUS: Credit Agricole, Hyundai Rotem, UK Export Finance, ADES, Haier, Islamic Trade Finance Corporation, EgyptAir, Matouk Bassiouny
The company will reportedly pay for the loan in CNY given that a portion of its revenue stream originates from…
Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors
The Chinese state-owned company just broke ground on a USD 146 mn ductile pipe factory
Elsewedy Electric to work with foreign firms to localize grain silo production
The three sides will localize silo manufacturing, enhance food security, and help the sustainable development of the country’s agricultural sector
A look at Egypt’s infrastructure spending priorities for FY 2024-25
Some EGP 186 bn will be allocated to urban development, with EGP 50 bn going to the real estate sector
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