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Gov’t halts external borrowing for transport projects unless debt committee approves
New Cabinet committee approval required for transport borrowing as sector debt nears USD 14 bn
Five years into RISE, safety metric frozen as World Bank ratchets up fiduciary risk on Egypt’s railway loan
Fiduciary risk on the World Bank’s c. USD 421 mn RISE loan has been raised to “high” — the only…
Nawy Now offloaded another EGP 633 mn of mortgages to a fund, freeing up balance-sheet capacity
Investors carry no recourse to the fund — two layers of protection stand between them and a default
Egypt steps up upstream gas push with new drilling partners and faster Harmattan timeline
PLUS: Maridive is restructuring its debt as the Arab Energy Fund weighs a stake
Valu closes EGP 1 bn maiden corporate bond
The fixed-and-floating-rate issuance opens an EGP 10 bn program and adds direct corporate paper to Valu’s diversified funding stack
Gov’t to launch tax-backed sukuk to tap corporate cash reserves
Activating a dormant 2005 tax provision allows the state to pull forward future corporate tax receipts to ease its EGP…
IMF board signs off on seventh review, clearing USD 1.8 bn disbursement
With USD 1.8 bn arriving tomorrow, the government has until December to clear the final review and unlock the program’s…
USD 520 mn guarantee facility heads to the World Bank board in December
A World Bank project document lays out the equity structure, including a 20-25% gov’t stake, with private investors joining in…
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