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EBRD exits Ibnsina Pharma
The EBRD acquired a 20% stake in the pharma player back in 2015
Egypt’s pharma sales rise 42% y-o-y in 2024
Pharma prices are expected to remain stable throughout the year
Government clears USD 1 bn in arrears owed to foreign oil companies in the first week of January -report
A new schedule to settle the accumulated USD 6.5 bn in arrears had been agreed with companies
Eva Pharma brings locally produced insulin glargine to market for the first time
The start of production will see Egypt become a net exporter of insulin glargine
Gov’t mulls USD 250 mn EgyptAlum revamp
The revamp would keep the company’s assets, while developing production lines and capacity
Cairo Metro Line 6 to move forward following action plan agreement with France
Cairo Metro Line 6 will link Shubra El Kheima in the north to New Maadi in the south
Saudi’s Al Mousa Cables eyes Egypt expansion with EUR 50 mn factory. PLUS: World Bank, African Development Bank, Eva Pharma, Beach Safari
The first phase of the project is set to begin operating in mid-2025
Government dues owed to pharma firms hit EGP 50 bn
The pharma sector is set to implement phased price hikes affecting around 100 drugs per month
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