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Banknbox and ASD Smart aim to bridge Sudan’s isolated banking apps by 2026
Plus: Schneider Electric, Zerotech, and AOI to assemble data center units locally, Breadfast raises USD 50 mn in funding round
JTI to add a new EUR 5 mn cigarette production line next quarter
PLUS- Thndr secures asset-management and portfolio-management licenses
GB Auto to localize the assembly of another Hyundai model
PLUS- Cabinet approved two draft petroleum exploration and exploitation agreements
Egyptian-Turkish consortium to set up two customs bonded yards
PLUS- A new accelerator program enters the scene
China’s XGY, AOI to establish USD 100 mn medical equipment factory
The new facility will supply 40% of Egypt’s medical imaging equipment needs
Egypt is looking to up its Moroccan imports to USD 600 mn
PLUS- Chevron will invest at least USD 120 mn in a new exploration concession
Arab Organization for Industrialization to set up another USD 100 mn solar panel factory
The factory will have a production capacity of 300 MW, most of which will go to Gulf markets
AOI’s USD 300 mn solar panel factory to launch operations in July
The factory will have an estimated investment cost of USD 200-300 mn
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