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World Bank downgrades growth forecasts for Egypt and the region as inflation bites
Lender cuts GDP growth forecast from 4.8% to 4.0% in FY 2022-2023
IFC commits EUR 25 mn to Mediterrania Capital’s regional fund
The IFC could later increase investment to EUR 45 mn
EBRD, IFC to advise sovereign fund on desalination tenders
The government wants to add 8.8 mn cbm of desalination capacity by 2050
Egypt secures USD 7 bn World Bank loan to support private-sector, climate goals
The funding includes USD 1 bn a year from the IBRD
World Bank could lend USD 50 bn over the next decade
The G20 want the lender to make its resources go further
Chinese investors are looking at the Sokhna Industrial Zone. PLUS: Jordan electricity link, another Sawiris football acquisition, and more
INVESTMENT- SCZone talks with Chinese investors: A high-level delegation from one of China’s largest industrial areas discussed potential investment in…
Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation. Plus: Smartphone assembly, mature oil fields, BdC’s e-payments arm — and plenty more
MANUFACTURING- Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation: Ezz Steel expects to record losses of EGP…
VC funding falls to nine-year low in 4Q 2022
Economic uncertainty sent fundraising by venture-capital firms plunging to a nine-year low in the fourth quarter of 2022, the Wall…
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