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Alexbank, Blu EV launch EV microfinancing, HAP’s big investment push, and Beltone’s Moroccan ticket
Plus: TotalEnergies and Nissan Egypt team up to manufacture oils, Hallan Allam Properties eyes KSA and Europe, Beltone invests in…
Is Egypt looking to exit its stake in AlexBank via IPO?
FinMin is targeting proceeds of USD 625-700 mn from the sale, sources tell us
Maersk returns to the Red Sea, EFG Hermes advises on Kuwait IPO, and EBRD gives Alexbank green financing
Maersk vessels are slowly making their way back to Red Sea waters Shipping giant Maersk’s Sebarok ship passed through the…
Gov’t eyes fresh foreign investments into the energy sector
PLUS- Post for Investment and homegrown fintech startup Cayesh establish a new factoring company
Checking in on the Green Economy Financing Facility program in Egypt
The GEFF wrapped up its first phase, with more phases in the pipeline
Alexbank brings in new CEO and deputy CEO
Alexbank appointed Paolo Vivona as CEO and Antonio Bergalio as deputy CEO
Concrete, EKH, ODE, Alexbank report earnings
Concrete Fashion Group saw its net income increase 3.2% y-o-y during its fiscal year 2023
Alexbank’s net income rises 76% y-o-y to EGP 5 bn in 2023. PLUS: Next fiscal year’s draft budget goes up for discussion in the House next week
The government is currently working to offload its 20% stake in Alexbank
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