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Mobile natgas car filling stations are coming to the market
One gastec mobile station is already in operation on a trial basis
A rebound in the automotive sector
Sales volumes have plunged since the beginning of 2022 amid headwinds caused by the FX crunch and soaring inflation
Infinity to charge BMW EVs in Egypt. PLUS: Africa tariff cuts ratified, onion export ban, another wheat buy, and a West Cairo BRT could be in the making.
Infinity aims to increase its charging stations to 300 by 2024
Egypt to build EUR 1 bn tire factory
The SCZone factory is set to churn out 7 mn tires each year
The expat car import scheme is making a comeback
Egyptian expats get another three months to import cars in exchange for FX deposits
Hassan Allam + Agility score EGP 1.5 bn CIB loan for Yanmu logistics park. PLUS: News from Volvo, MCV, Beltone, and NUCA
The 10-year loan from CIB will help fund the construction of a USD 100 mn logistics park east of Cairo
Auto sales remain low in July
Fewer than 5k passenger cars were sold during July
THIS EVENING: Auto sales fell again in July
Good afternoon, friends, and welcome to the last Wednesday of August as we brace ourselves for the last Sahel weekend.…
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