{"id":561266,"date":"2021-03-31T04:11:08","date_gmt":"2021-03-31T04:11:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/also-on-our-radar-on-31-march-2021\/"},"modified":"2021-03-31T04:11:08","modified_gmt":"2021-03-31T04:11:08","slug":"also-on-our-radar-on-31-march-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/also-on-our-radar-on-31-march-2021\/","title":{"rendered":"Also on our Radar on 31 March 2021"},"content":{"rendered":"<p><strong>Egypt-Sudan electricity link gets a boost:<\/strong> Siemens Energy was <a href=\"https:\/\/ent.news\/2021\/3\/PR_Egypt-Sudan-Internconnection_En_Final.pdf\">awarded<\/a> a contract to build two grid stabilization stations in Sudan that will help feed cross-border electric power to Egypt as part of the Egypt-Sudan Electric Interconnection Project. The stations come as Egypt has <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=29032021&id=79a19c99-2142-4be6-89ec-555bd1866316\">agreed<\/a> to invest EGP 450 mn in the supplying and installation of power compensators to boost the link\u2019s capacity to 300 MW.<\/p>\n<p><strong>Osool <\/strong><strong>ESB Securities Brokerage is offering margin with the help of a EGP 350 mn loan <\/strong><strong>from Abu Dhabi Islamic Bank's ADILease<\/strong>, the <a href=\"https:\/\/bit.ly\/31vN6jr\">local press<\/a> reports. The MoU follows regulatory amendments by the Financial Regulatory Authority earlier this month which gave <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c677777d-8336-466e-a0d4-4b6343b426f7\">Egyptian factoring companies the green light to finance margin lending<\/a> by brokerage companies. The move comes as a bid to allow brokerages access to new funding sources and stimulate trading on the EGX.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Contact<\/strong> and <strong>Fawry<\/strong> have signed a <a href=\"https:\/\/bit.ly\/39sxn94\">partnership agreement (pdf)<\/a> to allow clients of the consumer finance company to make installment payments through Fawry\u2019s mobile app.<\/li>\n<li><strong>Zack\u2019s Fried Chicken<\/strong> is planning to invest EGP 12 mn to set up four new branches of <strong>Burger Joint<\/strong>, which it acquired earlier this year, according to Zack\u2019s founder <a href=\"https:\/\/www.linkedin.com\/in\/hassanabouzekry\/?originalSubdomain=eg\">Hassan Abouzekry<\/a>.<\/li>\n<li><strong>The Central Bank of Egypt<\/strong> <a href=\"https:\/\/bit.ly\/3sEABOv\">will provide<\/a> an additional EGP 1 bn for onlending to the <strong>Agricultural Bank of Egypt<\/strong> for the provision of low interest loans to SMEs as part of a government project to support cattle farming.<\/li>\n<li><strong>Pharos Energy<\/strong>\u2019s revenue share of its Fayoum oil-producing concession <a href=\"https:\/\/www.pharos.energy\/investors\/press-releases\/concession-agreement-amendment-el-fayum-area\/\">could increase<\/a> from 30% to 40% after the Egyptian General Petroleum Corporation gave its preliminary approval to amendments to the terms of an earlier agreement.<\/li>\n<li>The <strong>Rixos Premium Magawish Hotel<\/strong> was <a href=\"https:\/\/bit.ly\/3dh3cmG\">inaugurated yesterday<\/a> in Hurghada as part of development plans for the Magawish tourist village.<\/li>\n<li>The owner of the <strong>10-storey building<\/strong> that collapsed last week in Cairo's Gesr El Suez neighborhood was <strong><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2299774\">arrested<\/a><\/strong> on charges of illegally adding four floors, causing the building's collapse.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Egypt-Sudan electricity link gets a boost: Siemens Energy was awarded a contract to build two grid stabilization stations in Sudan that will help feed cross-border electric power to Egypt as part of the Egypt-Sudan Electric Interconnection Project. The stations come as Egypt has agreed to invest EGP 450 mn in the supplying and installation of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[3360,97,111,204,271,933,93,72,519,183,955,505,91,523,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561266","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-agricultural-bank-of-egypt","tag-agriculture","tag-also-on-our-radar","tag-banking","tag-central-bank-of-egypt","tag-contact-financial","tag-energy","tag-enterpriseam","tag-fawry","tag-fintech","tag-hospitality","tag-hurghada","tag-oil-and-gas","tag-pharos-energy","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"71593470-3afd-4dfb-b4dd-ba1f12ac3d24","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[561247],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Also on our Radar on 31 March 2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/also-on-our-radar-on-31-march-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Also on our Radar on 31 March 2021\" \/>\n<meta property=\"og:description\" content=\"Egypt-Sudan electricity link gets a boost: Siemens Energy was awarded a contract to build two grid stabilization stations in Sudan that will help feed cross-border electric power to Egypt as part of the Egypt-Sudan Electric Interconnection Project. 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PLUS: Egypt-Sudan logistics zone, GB Auto + Changan, Paragon Developments, Norpetco","author":"enterpriseam admin","date":"24 June 2025","format":false,"excerpt":"The factory will create 500 direct jobs and roll out 18 mn tons of raw materials for the textile industry per year","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1373.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545727,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/10\/edita-to-invest-egp-1-bn-by-2025\/","url_meta":{"origin":561266,"position":2},"title":"Edita to invest EGP 1 bn by 2025","author":"enterpriseam admin","date":"10 April 2022","format":false,"excerpt":"EGX-listed snackmaker Edita plans to invest EGP 1 bn over the coming three years to expand operations, company chairman Hani Berzi said, according to a company statement (pdf). Berzi made the announcement on the sidelines of a visit by Prime Minister Mostafa Madbouly and Trade Minister Nevine Gamea to the\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627517,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/eetc-to-relaunch-tender-for-sudan-power-interconnection-project-after-first-round-falters\/","url_meta":{"origin":561266,"position":3},"title":"EETC to relaunch tender for Sudan power interconnection project after first round falters","author":"enterpriseam admin","date":"4 June 2018","format":false,"excerpt":"The Egyptian Electricity Transmission Company (EETC) is reportedly relaunching a tender for its power interconnection project with Sudan today after it failed to attract sufficient offers in the first round, an unnamed company source tells Al Mal. 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The 10-500 KW solar power stations, which are estimated to cost EGP 200k-10 mn, will sell power to landowners in installments once completed. 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