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500 Turkish garment manufacturers eye Egypt
Good morning, friends, and a happy hump day to you all — assuming you’re not part of the lucky few…
Chinese investment alliance eyes USD 1.5 bn textile freezone in Minya
Good morning, friends. While most of the global press are looking stateside as the world prepares for a second Trump…
Raseedi eyes seven-figure investment in newly acquired nanocredit outfit Kashat. PLUS: Apache, Madinet Masr, Bank ABC + Eroglu Garment, Goldman Sachs
Raseedi is negotiating with a VC firm and three banks for EGP 3 bn in financing over three years
Chinese firm Kingdom Holdings (no, not *that* Kingdom Holdings*) to build USD 60 mn textile factory at Elsewedy’s Industria Sadat zone
The USD 60 mn textile factory will begin operations in 2026.
Shalateen Mineral Resources Company eyes role as gold producer in 2025. PLUS: Plaza Premium Group + Egypt Aviation Services + Cairo Airport Company, Orascom Construction, International Monetary Fund
The company will reportedly kick off exploration operations at its Eastern Desert concessions this year
Jade Textile eyes three new factories for USD 180 mn. PLUS: Giza Spinning and Weaving, DHL, Ebda, Ashry Steel, Ecole Ducasse, Shell, SIAC, E-finance
The company is planning to double its production capacity with the investment
Kasrawy Group mulling new factory to assemble Jetour, Jac autos. PLUS: Basata + MadfoatCom, Dice + Twin Top, Saint-Gobain, Fertiglobe + Orascom Construction + Scatec, Siemens
The government is now working on allocating land for the firm to build its factory
Egypt’s MaxAB and Kenya’s Wasoko complete Africa's largest-ever tech merger
The merger establishes a Pan-African platform serving Africa's USD 600 bn informal retail sector
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