{"id":632942,"date":"2018-02-22T04:17:07","date_gmt":"2018-02-22T04:17:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/22\/raya-holding-partners-with-italys-uvcc-for-usd-70-mn-agricultural-products-factory-in-uganda\/"},"modified":"2018-02-22T04:17:07","modified_gmt":"2018-02-22T04:17:07","slug":"raya-holding-partners-with-italys-uvcc-for-usd-70-mn-agricultural-products-factory-in-uganda","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/22\/raya-holding-partners-with-italys-uvcc-for-usd-70-mn-agricultural-products-factory-in-uganda\/","title":{"rendered":"Raya Holding partners with Italy\u2019s UVCC for USD 70 mn agricultural products factory in Uganda"},"content":{"rendered":"<p>Raya Holding is partnering with Italy\u2019s UVCC to establish a USD 70 mn food production facility in Uganda, Raya CFO Hossam Hussein <a href=\"http:\/\/www.almalnews.com\/Story\/366095\/11\/UVCC-%D8%A7%D9%84%D8%A5%D9%8A%D8%B7%D8%A7%D9%84%D9%8A%D8%A9-%D8%B4%D8%B1%D9%8A%D9%83-%D8%B1%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D9%84%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D8%B5%D9%86%D8%B9-%D8%BA%D8%B0%D8%A7%D8%A6%D9%89-%D9%81%D9%89-%D8%A3%D9%88%D8%BA%D9%86%D8%AF%D8%A7\">tells Al Mal<\/a>. The two companies will form a new joint venture, to which Raya will contribute 24% of the capital \u2014 USD 24 mn \u2014 of which USD 6 mn will come from its own resources, while the rest will be funded through an Africa Development Bank loan, Hussein said. Raya had <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/30\/raya-holding-looking-to-acquire-minority-stake-in-usd-70-mn-agricultural-products-factory-in-uganda\/\">announced last month<\/a> it was looking to acquire a minority stake of no more than 25% in the project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raya Holding is partnering with Italy\u2019s UVCC to establish a USD 70 mn food production facility in Uganda, Raya CFO Hossam Hussein tells Al Mal. The two companies will form a new joint venture, to which Raya will contribute 24% of the capital \u2014 USD 24 mn \u2014 of which USD 6 mn will come [&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":[9309],"tags":[2416,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632942","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"5fbad885-f613-43ae-9a2e-3f9cfee6d0c1","order":"0","is_powered_by":true,"section_story_id":"e786fda1-e38b-4a62-91f4-069af635a7c6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632905],"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>Raya Holding partners with Italy\u2019s UVCC for USD 70 mn agricultural products factory in Uganda - 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\/2018\/02\/22\/raya-holding-partners-with-italys-uvcc-for-usd-70-mn-agricultural-products-factory-in-uganda\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya Holding partners with Italy\u2019s UVCC for USD 70 mn agricultural products factory in Uganda\" \/>\n<meta property=\"og:description\" content=\"Raya Holding is partnering with Italy\u2019s UVCC to establish a USD 70 mn food production facility in Uganda, Raya CFO Hossam Hussein tells Al Mal. 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Hussein cited the high rent rates and Maadi Technology Park\u2019s insistence on receiving payment in USD as the reason behind\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634106,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/raya-signs-usd-3-5-mn-agreement-with-samsung-to-manufacture-washing-machines\/","url_meta":{"origin":632942,"position":4},"title":"Raya signs USD 3.5 mn agreement with Samsung to manufacture washing machines","author":"enterpriseam admin","date":"4 January 2018","format":false,"excerpt":"A subsidiary of Raya Holding signed a partnership agreement with Samsung to manufacture top-loading washing machines, according to a bourse disclosure. 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