{"id":567420,"date":"2020-01-22T03:58:23","date_gmt":"2020-01-22T03:58:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/matalan-gsk-agree-to-invest-gbp-30-mn-in-egypt-at-uk-africa-investment-summit\/"},"modified":"2020-01-22T03:58:23","modified_gmt":"2020-01-22T03:58:23","slug":"matalan-gsk-agree-to-invest-gbp-30-mn-in-egypt-at-uk-africa-investment-summit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/matalan-gsk-agree-to-invest-gbp-30-mn-in-egypt-at-uk-africa-investment-summit\/","title":{"rendered":"Matalan, GSK agree to invest GBP 30 mn in Egypt at UK-Africa Investment Summit."},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Matalan, GSK agree to invest GBP 30 mn in Egypt at UK-Africa Investment Summit:<\/strong> UK fashion retailer Matalan<\/a> will invest GBP 25 mn over the next five years building 20 outlets in Egypt, the British embassy in Cairo<\/a> and a spokesperson for the UK government<\/a> announced on social media yesterday. GlaxoSmithKline will also invest GBP 5 mn to develop two of its Egyptian production lines, the embassy said<\/a> without providing further information. The two agreements came during the UK-Africa Investment Summit held in London on Monday, during which British companies signed GBP 6.5 bn in trade agreements with African countries.<\/p>\n

The latest announcements come a day after UK-based PE outfit Actis <\/strong>signed an agreement<\/a><\/strong> with the Egyptian government<\/strong> that will see it invest alongside the Sovereign Fund of Egypt in energy and infrastructure projects. The pact could funnel some GBP 3 bn worth of investment in infrastructure, health and education over the next three years. The UK government\u2019s development finance arm, CDC Group, also extended a USD 100 mn loan to CIB.<\/p>\n

Other news from the summit: <\/strong>Planning Minister Hala El Said reiterated that a decision on whether to agree on a non-financial loan program with the IMF will be made \u201csoon,\u201d Bloomberg reports<\/a>. \u201cNow is the time for the private sector\u201d she said on the sidelines of the summit. Finance Minister Mohamed Maait has suggested<\/a> that the government could sign up to a new post-loan program with the fund in March.<\/p>\n

El Sisi talks investment with Johnson:<\/strong> The UK prime minister told President Abdel Fattah El Sisi that he was counting on Egypt to be the \u201ccenter of gravity\u201d for stability in the region during talks at 10 Downing Street, according to an Ittihadiya statement<\/a>. The two sides discussed Egypt\u2019s infrastructure projects and the current investment climate, as well as tackling terrorism and illegal migration, and the crisis in Libya.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Matalan, GSK agree to invest GBP 30 mn in Egypt at UK-Africa Investment Summit: UK fashion retailer Matalan will invest GBP 25 mn over the next five years building 20 outlets in Egypt, the British embassy in Cairo and a spokesperson for the UK government announced on social media yesterday. GlaxoSmithKline will also […]<\/p>\n","protected":false},"author":1,"featured_media":567421,"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":[8572],"tags":[7098,72,8297,1076,125,4436,2380,112],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-africa","tag-enterpriseam","tag-fashion","tag-glaxosmithkline","tag-investment-watch","tag-matalan","tag-speed-round","tag-uk","wpautop","entry"],"acf":{"mongo_id":"14edc14e-3bad-4222-b8be-03b81f023c77","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/1\/667.jpg","photo_position":"above","related_issue":[567415],"teaser":"","voice_url":""},"yoast_head":"\nMatalan, GSK agree to invest GBP 30 mn in Egypt at UK-Africa Investment Summit. - 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\/2020\/01\/22\/matalan-gsk-agree-to-invest-gbp-30-mn-in-egypt-at-uk-africa-investment-summit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Matalan, GSK agree to invest GBP 30 mn in Egypt at UK-Africa Investment Summit.\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Matalan, GSK agree to invest GBP 30 mn in Egypt at UK-Africa Investment Summit: UK fashion retailer Matalan will invest GBP 25 mn over the next five years building 20 outlets in Egypt, the British embassy in Cairo and a spokesperson for the UK government announced on social media yesterday. 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The company will now have 11 production lines at its Giza facility, allowing it to produce 90 million boxes of the pain\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/465.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567379,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/actis-inks-mou-with-sovereign-fund-to-drive-investment-to-egypt\/","url_meta":{"origin":567420,"position":1},"title":"Actis inks MoU with sovereign fund to drive investment to Egypt","author":"enterpriseam admin","date":"21 January 2020","format":false,"excerpt":"INVESTMENT WATCH- Actis inks MoU with sovereign fund to drive investment to Egypt: UK-based private equity giant Actis yesterday signed an agreement with the Egyptian government that will see it invest alongside The Sovereign Fund of Egypt (TSFE) in \u201cenergy and infrastructure and directly support [the fund\u2019s] objective to attract\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/659.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595130,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/uk-to-give-egypt-gbp-13-mn-to-promote-investment\/","url_meta":{"origin":567420,"position":2},"title":"UK to give Egypt GBP 13 mn to promote investment","author":"enterpriseam admin","date":"17 September 2019","format":false,"excerpt":"The UK will give Egypt GBP 13 mn through the World Bank to promote investment in the country, said British MENA Secretary of State Andrew Morrison, according to an Investment Ministry statement. The amount is part of a four-year, GBP 15 mn-worth technical support program to push Egypt\u2019s economic growth.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592797,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/sawiris-la-mancha-plans-gbp-6-6-mn-investment-in-altus-strategies\/","url_meta":{"origin":567420,"position":3},"title":"Sawiris\u2019 La Mancha plans GBP 6.6 mn investment in Altus Strategies:","author":"enterpriseam admin","date":"6 November 2019","format":false,"excerpt":"Naguib Sawiris\u2019 La Mancha mining company has signed a letter of intent to invest GBP 6.6 mn in Altus Strategies, the UK-based mining firm announced in a statement. The move would see La Mancha obtain a 34.5% stake in the company for around GBP 6.56 mn. The company would buy\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555831,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/a-slice-of-the-gbp-2-bn-pie\/","url_meta":{"origin":567420,"position":4},"title":"A slice of the GBP 2 bn pie?","author":"enterpriseam admin","date":"29 November 2021","format":false,"excerpt":"Could Egypt get a slice of CDC\u2019s planned GBP 1.5-2 bn in annual investment between 2022 and 2026? CDC Group, the UK government\u2019s development finance arm, is planning to invest GBP 1.5-2 bn every year between 2022 and 2026 as part of a new strategy announced last week. The lender\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/634.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574714,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/efg-managed-vortex-energy-sells-controlling-stake-in-gbp-500-mn-uk-based-solar-energy-portfolio\/","url_meta":{"origin":567420,"position":5},"title":"EFG-managed Vortex Energy sells controlling stake in GBP 500 mn UK based solar energy portfolio","author":"enterpriseam admin","date":"20 September 2020","format":false,"excerpt":"INVESTMENT WATCH- EFG-managed Vortex Energy sells controlling stake in GBP 500 mn UK solar energy portfolio: EFG Hermes-managed renewable energy investment company Vortex Energy has sold a controlling stake in its UK solar energy portfolio, Vortex III, to Malaysian utilities company TNB International, in an agreement that handed the portfolio\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=567420"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567420\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/567415"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/567421"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=567420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=567420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=567420"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=567420"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=567420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}