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Snackmaker Edita lands USD 45 mn loan from the IFC to fuel growth
The loan will support the company’s working capital, fund fresh capex, and help it settle a previous loan from the…
Is Egypt becoming a regional hub for smartphone production? Part 2
Local production is picking up thanks to incentives — as well as prohibitive conditions surrounding imports
Eva Pharma inks agreement for Saudi pharma complex
The complex will include a research and development center and five pharma factories
Kandil Steel borrows USD 25 mn from IFC amid industry headwinds
The money will help the company pay for raw materials and maintain production amid the FX crunch and soaring inflation
An aluminum news dump + Belcash is now Seven
Aluminum Bahrain and Emirates Global Aluminum are both interested in expanding in Egypt, according to the ministry
Is Egypt becoming a regional hub for smartphone production? Part I
In the five years since Sico brought Egypt’s first locally made smartphone, at least seven players have also produced smartphones…
Egypt to build EUR 1 bn tire factory
The SCZone factory is set to churn out 7 mn tires each year
Edita turns to NBK to finance Fancy Foods acquisition
The amount will be used to refinance the acquisition of Edita Frozen Food Industries and fund its expansion.
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