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The government is extending its land-for-FX scheme for another 6 months. PLUS: Avanz Capital is planning fresh investment in Egypt
The initiative is one of many the government has introduced in response to the FX crunch
Big updates on potential sales of Telecom Egypt, Vodafone Egypt stakes + Gabal El Zeit windfarms
Potential sales of stakes in two telecom players and a massive wind farm are the latest signs the privatization program…
AfricInvest to invest USD 40 mn in British University in Egypt
The transaction is one of Egypt’s largest-ever foreign direct investments in education, according to BUE
Global stocks lose almost USD 3 tn in August on China fears, rising US rates
MSCI benchmark of global stocks on course for its worst month since September
Gov’t seeks higher price for Gabal El Zeit wind farm
The government is in talks with private equity firm Actis to sell the plant
GAFI is simplifying filing procedures. PLUS: News from SODIC, Compass Capital, Wizz Air
This is the latest move by the authority to streamline business regulations
Bad times for US banks
The US banking system hasn’t yet recovered from this spring’s liquidity crisis
MTI to acquire 40% of B Investments’ B Pharma
The transaction values B Pharma at around EGP 512.5 mn
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