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GIZ support for our food and agriculture SMEs. PLUS: News from Sun Way and Golden Town Development
The support will trickle in over an 18-month period
SEIC to conduct due diligence on CIRA ahead of acquisition plans. PLUS: News from TMG, Cleopatra, and Bokra
Baker Tilly will act as the transation’s financial advisor and prepare a fair value study for CIRA’s shares
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
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
Raya Contact Center’s board greenlights full acquisition of Gulf CX. PLUS: Oxy Egypt’s UAE expansion, new private freezone plans, Ras El Hekma marina greenlit
Raya CX acquired an 85% stake in the company in 2021
Beltone inks strategic partnership with the UAE’s Comera to develop payment, financing products. PLUS: Thames Freeport + Gorilla Technology, industry fund, Belmazad, Fawry
Comera Financial Holding runs a video call and messaging application called Comera
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
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