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Marsa Alam’s first solar-powered desalination plant, courtesy of KarmWater
The plant is currently 30% powered by solar
Oil Ministry projects won’t freeze FX spending -El Molla
ENERGY- Oil Ministry projects are excluded from the government’s decision to ration FX spending, Minister Tarek El Molla told CNBC…
Twelve influential young Egyptians make Forbes Middle East list
12 Egyptians were named in the Forbes Middle East 30 Under 30list, including entrepreneurs, creatives and athletes making their mark…
KarmSolar is looking for investors
Solar energy company KarmSolar will sell a minority stake to investors via a capital increase as it looks to expand…
Down rounds are happening in Egypt
Has the down round boogeyman come to Egypt? The ultra-loose financial conditions that allowed VCs to pour USD 600 bn…
KarmSolar appoints new CFO
Egyptian solar player KarmSolar has appointed Nabil Kammoun (LinkedIn) as its new chief financial officer, according to a press release…
EFG’s Valu + three Egyptian solar companies get nods
Three Egyptian companies made it onto Forbes’ 10 Sustainable Companies inMENA list: Solar EPC and financing company Cairo Solar, recycling…
There was a bunch of news on the non-bank lending front yesterday
A lot of news related to non-bank lending landed yesterday. Here’s a snapshot: The Central Bank of Egypt (CBE) and…
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