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Chinese steel player to invest USD 2 bn in SCZone factories. PLUS: Danone to invest here this year.
This is the latest in a string of Chinese investment in Egypt’s manufacturing and infrastructure sectors
Russia, Egypt look to boost investment and trade. PLUS: ADIB, Mastercard, Israel-Palestine
ADIB is also getting into sukuk
A new gov’t investment fund wants to attract FDI from expats
Eight Egyptian businessmen living abroad are on the board
Flat6Labs launches USD 95 mn Africa-wide seed fund
The fund will onboard two cohorts of 10-15 startups annually
TCV plans to spend USD 30 mn to add two food companies to its portfolio
The PE outfit wants sizable minority stakes in the two firms
Metito + BII launch investment platform to tackle water insecurity in Africa
Metito and BII will split financing 60:40, with Metito contributing the larger share.
THIS MORNING: Strategic investors > public share sales, says Madbouly
Secondary share sales are also being considered by the cabinet.
Abu Dhabi Ports is looking at the Suez Canal Economic Zone
UK green fuel and desalination firms are also interested.
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