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Gov’t greenlights 252 MW wind power expansion at Gabal El Zeit
The wind farm has long been on the government’s privatization short list
US International Development Finance Corporation mulls financing Actis’ Gabal El Zeit acquisition. PLUS: Saudi SMEs to expand in Egypt, The HUB plan new frozen food factory, UAE’s Horizon Egypt eyes North Coast project
This comes only a few weeks after the European Bank for Reconstruction said it was reviewing a proposed loan for…
Madbouly government cuts privatization program targets for the year
Finance Minister Mohamed Maait said that the government was looking to raise some USD 6.5 bn as recently as February
EBRD reviewing USD 140 mn loan to finance Actis’ Gabal El Zeit acquisition
Good morning, folks. After an unusually busy Ramadan for local business and economy news, it seems the tempo is set…
Maersk, Actis make progress on Zafarana, Gabal El Zeit wind farms acquisition bids
The sale of the two facilities will bring hundreds of mns of USD into the state’s coffers
Actis, a longtime investor in Egypt and champion of emerging markets, will merge with General Atlantic
The acquisition would add Actis’ USD 12.5 bn worth of assets to General Atlantic’s USD 83 bn portfolio