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Ebtikar, TCV, Acquire consortium offers EGP 300 mn for ODE’s share in Tamweel
M&A WATCH- A consortium made up of Ebtikar for Financial Investment Company, our friends at TCV and Acquire has submitted…
Speed Round
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Belgian, Egyptian JV looks to build EGP 8 bn phosphate complex—is this Evergrow / Borealis / EcoPhos?
INVESTMENT WATCH- Is this Evergrow / EcoPhos in an EGP 8 bn fertilizers JV? Two unnamed Egyptian and Belgian companies…
EKH studies investing USD 110 mn in North Sinai gas fields this year
INVESTMENT WATCH- Our friends at Egyptian Kuwait Holdings (EKH) could invest USD 110 mn this year in developing five natural…
ADM, Cargill to form JV to run soy crushing facility in Borg El Arab
INVESTMENT WATCH- Half of the “ABCD” commodity giants are in bed together in Egypt as Archer Daniels Midland (ADM) partners…
McKinsey gets a new global boss
MOVES- McKinsey’s “secretive leadership election process” has seen the world’s largest consulting firm appoint Kevin Sneader as kits new global…
Orascom Development announces agreements to sell non-core assets
Orascom Development enters agreements to sell non-core assets, will use proceeds to pay down debt: Orascom Development Egypt (ODE) announced…
Abdul Latif Jameel not taking part in 600 MW PV plant tender
UPDATE-Abdul Latif Jameel not taking part in 600 MW PV plant tender—here’s the list of who is. We noted an…
NIB sends proposes addition of 13 companies to state’s IPO program
IPO WATCH- NIB proposes 13 new companies take part in state IPO program: The National Investment Bank (NIB) has sent…
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