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OTMT confirms it’s eyeing agribusiness investments in Africa
Orascom Telecom Media and Technology Holding (OTMT) confirmed that it is considering plans to invest in several agribusiness projects in…
WorldRemit raises USD 40 mn to expand in Egypt
INVESTMENT WATCH- Digital money transfer service WorldRemit has raised USD 40 mn in Series C funding to finance expansion of…
Tourism bouncing back in Egypt, Tunisia -CiR
Tourism to Egypt and Tunisia is bouncing back, a report by Counter Intelligence Retail (CiR) shows, according to TRBusiness. “Egypt,…
IPO of three companies operating Siemens plants to take place in July 2018
IPO WATCH- From the Department of Unrealistic Deadlines, we have the notion that the IPOs of the three companies that…
Egypt pays USD 25 bn to enter the atomic age decades after era runs its course
It seems we have signed contracts for the USD 20+ bn Dabaa nuclear power plant, but direct flights from Moscow…
QH’s Ahmed Heikal on infrastructure development in Africa
Qalaa Holdings Chairman Ahmed Heikal stressed the importance of infrastructure development for Africa in remarks this weekend in Sharm El…
Cleopatra Hospitals capital increase 99.81% subscribed
Cleopatra Hospital Group’s EGP 700 mn capital increase was 99.81% subscribed, according to an EGX disclosure (pdf). The company had…
Afreximbank planning to provide Egypt’s banking sector with USD 500 mn in new loans
The African Export Import Bank (Afreximbank) is planning to provide Egypt with another USD 500 mn loan, this time geared…
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