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Last Night’s Talk Shows: Banks to secure FX to clear import backlog within 4 days, says El Sisi
It was another econ-heavy night on the airwaves, this time centered on President Abdel Fattah El Sisi’s speech during a…
EGX will be biggest shareholder in future exchanges + Benya borrows big
CAPITAL MARKETS- The EGX is looking to take a majority stake in the planned futures exchange,EGX boss Ramy El Dokany…
EIB could commit USD 1.5 bn in new financing to Egypt
EIB could invest in water projects in Egypt: The European Investment Bank (EIB) plans to commit USD 1.5 bn in…
The first German green logistics hub in Sokhna 360
Elsewedy Industrial Development inked an MoU with German chemical producer BASF to build a green logistics hub in Elsewedy’s Sokhna…
Consumer finance player Blnk sells EGP 202 mn in securitized bonds
BNPL lender Blnk has closed a EGP 202 mn securitized bond issuance, the first in a three-year, EGP 2 bn…
Arabian Cement to expand Suez factory solar plant
Arabian Cement signs new PPA for solar plant: Arabian Cement signed a purchase power agreement with Amarenco SolarizEgypt for the…
Real estate player Seqoon secures USD 500k in pre-seed round + B2B services marketplace Unlock lands first round of funding
Two local startups — one in real estate, the other in B2B services — announced six-figure funding rounds yesterday. Real…
EBRD to help Egypt wind down gas-fired power plants
More details on EBRD clean energy funding: The European Bank for Reconstruction and Development (EBRD) will provide USD 300 mn…
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