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Monorail, water treatment projects in Egypt to receive USD 500 mn in green bond funding
Now we know who’s getting that green-bond financing: The new monorail project, three wastewater treatment facilities, and a desalination plant…
OIH shareholders approve demerger, move to list OFH on Egypt’s bourse
DEMERGER WATCH- Look for Orascom Investment Holding’s focus on financial services to be clearer now that shareholders have approved the…
Sovereign Fund of Egypt appoints boards of 4 new sub-funds
The Sovereign Fund of Egypt (SFE) has appointed specialized boards for itsfoursub-funds, said Planning Minister Hala El Said, according to…
Egypt’s Sarwa, Amer to close sukuk sales before end of 2020
DEBT WATCH- Sarwa, Amer to close sukuk sales before 2020 ends: Sukuk issuances by EGX-listed Sarwa Capital and Amer Group…
Hassan Allam, Abdul Latif Jameel water JV acquires Redwood Egypt
M&A WATCH- A joint venture between Hassan Allam Holding and Abdul Latif Jameel has acquired Ridgewood Egypt, which owns some…
Foundation Ventures launches new Egypt fund backing four local startups
STARTUP WATCH- VC firm Foundation Ventures has launched its inaugural Egypt-focused fund with an initial portfolio of four companies, Enterprise…
McDonald’s to invest EGP 200 mn in 12 new branches next year
INVESTMENT WATCH- McDonald’s is investing EGP 200 mn to open 12 new branches next year: Fast food giant McDonald’s Egypt…
Israel, UAE open talks over new oil route, threatening Egypt’s shipping business
Israel, UAE make progress on oil route to Europe that could bypass Egypt’s Suez Canal: An agreement signed this week…
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