{"id":654879,"date":"2024-11-10T00:00:00","date_gmt":"2024-11-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/"},"modified":"2024-11-10T00:00:00","modified_gmt":"2024-11-10T00:00:00","slug":"kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/","title":{"rendered":"Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC"},"content":{"rendered":"

EXPANSION-<\/p>\n

IFC to finance Kazyon\u2019s expansion ambitions with USD 30 mn loan:<\/strong> Local budget supermarket chain Kazyon is in line for a USD 30 mn loan from the World Bank\u2019s International Finance Corporation (IFC) to fund the company\u2019s expansion agenda in Morocco, the lender said in a project summary<\/a>.<\/p>\n

Remember:<\/strong> Kazyon Morocco CEO told Asharq Business last month that the company is investing USD 144 mn<\/a> to expand in the Moroccan market \u2014 particularly in major cities \u2014 over the coming four years. The supermarket chain also first tapped into the Saudi market earlier in February, with its 50% stake purchase<\/a> in Saudi Arabia\u2019s sole discount retailer Dukan in a SAR 250 mn (c. USD 66.7 mn) transaction.<\/p>\n

DEBT-<\/p>\n

#1-<\/strong> Egypt to repay a chunk of its loans this November:<\/strong> The government will repay USD 3 bn in loans to Gulf banks by 24 November, Asharq Business<\/a> reports citing an anonymous government source. The country will repay the loans from the state\u2019s USD reserves, to be equally divided between the green and Islamic financing tranches.<\/p>\n

It\u2019s also repayment day for some of the country\u2019s bonds:<\/strong> Egypt will repay some USD 1.3 bn in USD-denominated bonds today for debt issued in 2016, according to Al Arabiya<\/a>, citing unnamed sources. This is expected to bring down external debt owed by the government to USD 80.2 bn, a 5.5% decrease from the USD 84.84 bn recorded at the end of 2023.<\/p>\n

\n

#2- ERC to repay USD 200 mn in debt by year-end:<\/strong> Qalaa Holdings\u2019 subsidiary Egyptian Refining Company (ERC) plans to repay USD 200 mn of its outstanding USD 742 mn debt by December, company head Mohamed Saad told Al Borsa<\/a>. This will bring the company's total debt down to USD 524 mn, which it plans to fully repay before the end of 2025. <\/p>\n

Remember:<\/strong> The multi-bn USD greenfield refinery in Mostorod was funded by USD 2.4 bn worth of loans, which Qalaa has since been trying to pay off despite its businesses achieving good returns. Qalaa\u2019s most recent earnings release shows<\/a> that of the company\u2019s total consolidated debt standing at EGP 111.2 bn at the end of the first quarter, 72.5% is related to the ERC.<\/p>\n

Cutting back on costs is also part of the plan:<\/strong> The company\u2019s success in reducing import, storage, and ins. costs helped cut back the government\u2019s fuel subsidies bill by USD 300 mn per year, Hapi Journal<\/a> reports, citing Saad.<\/p>\n

RETAIL- <\/p>\n

An<\/strong>other good reason t<\/strong>o quit:<\/strong> US-based tobacco giant Phillip Morris increased the prices of its tobacco products for the the third time this year, upping prices by EGP 5 across its offerings in the local market, according to a letter from the company seen by EnterpriseAM. The price hikes apply to all of the company's offerings including its heated tobacco products, HEETS and TEREA, and traditional cigarette brands Merit, Marlboro, and L&M and their varieties.<\/p>\n

Philip Morris isn\u2019t the only smokes company upping prices in recent days: <\/strong>EGX-listed tobacco giant Eastern Company on Tuesday similarly hiked prices<\/a> of its cigarettes by up to EGP 5. The increase came in response to the Finance Ministry enacting the law that allows companies to raise prices by 12% annually<\/a> without moving into a higher per-pack tax bracket, the head of the Federation of Egyptian Industries\u2019 tobacco division, Ibrahim Imbaby, told EnterpriseAM last week.<\/p>\n

M&A-<\/p>\n

New details emerge about Klivvr\u2019s potential new majority owner:<\/strong> The newly established Klivvr Holding \u2014 which came to our attention last week with its offer to buy Orascom Financial Holding\u2019s (OFH) entire 98.99% stake in fintech player Klivvr \u2014 is owned by the Sawaris family, unnamed sources told Al Mal<\/a>. The potential transaction comes as part of B Investments' commitment to sell OFH's stake in Klivvr Electronics within a year of acquiring a 68.9% stake in OFH<\/a> through a share swap earlier this year.<\/p>\n

We may see more of Klivvr in the local market soon: <\/strong>Klivvr Holding is looking to acquire licenses to perform payment services and non-banking financial services in the local market, the sources added.<\/p>\n

FOOD SECURITY-<\/p>\n

Egypt and UK launch project to support local wheat farmers: <\/strong>The Planning and International Cooperation Ministry and the Agriculture Ministry are partnering with the British Embassy in Egypt to bolster food security by \u201cincreasing wheat production, addressing price fluctuations, and improving human capital,\u201d the Planning and International Cooperation Ministry said in a statement<\/a>. The two-year project aims to decrease Egypt's wheat imports by up to 25% by reducing dependency on chemical fertilizers and improving yields. The initiative follows an MoU signed last month, focusing on improving soil fertility and agricultural productivity.<\/p>\n

LOGISTICS-<\/p>\n

Egypt and Djibouti ink infrastructure projects agreement:<\/strong> Egypt\u2019s Holding Company for Maritime and Land Transport and Djibouti's Ports and Free Zones Authority signed an MoU to develop infrastructure projects, according to a statement<\/a> from the Transport Ministry. The statement named ports, roads, logistics zones, and renewable energy facilities as projects that Egyptian companies could offer their expertise and experience to Djibouti.<\/p>\n

ICYMI: <\/strong>Egypt will supply and install a 276.5 kw solar plant<\/a> in Djibouti under a bilateral agreement signed between the two sides inked last month. The plant is part of efforts to support Djibouti\u2019s sustainable development plans, and will be implemented alongside training programs to transfer local expertise to Djibouti. <\/p>\n

EARNINGS-<\/p>\n

Ibnsina Pharma wraps up 3Q 2024 with record growth in net income: <\/strong>Ibnsina Pharma ended 3Q 2024 with strong financial results, reporting a record net income of EGP 184.9 mn, up 339.9% y-o-y, according to the company\u2019s latest earnings release (pdf)<\/a>. The company\u2019s revenues rose 71% y-o-y to EGP 15.6 bn in 3Q, driven by strong demand across retail and non-retail segments, strategic expansion in high-margin non-pharma products, and re-pricing approvals by the Egyptian Drug Authority that helped offset inflation and currency devaluation impacts.<\/p>\n

REAL ESTATE-<\/p>\n

The Social Housing Fund has a new social rent initiative in the works: <\/strong>The Housing Ministry\u2019s Social Housing and Mortgage Finance Fund will design a subsidized rental model in collaboration with the private sector, the fund\u2019s head Mai Abdel Hamid said at last week's World Urban Forum<\/a>. A pilot rental project in partnership with a fintech company will be launched to test demand and feasibility, Abdel Hamid added.<\/p>\n","protected":false},"excerpt":{"rendered":"

The supermarket chain tapped into the Saudi market in February with a 50% stake purchase of discount retailer Dukan<\/p>\n","protected":false},"author":1,"featured_media":654880,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[97,111,409,8837,6742,2391,72,183,1414,7013,556,145,316,427,613,83,7401],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-654879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-agriculture","tag-also-on-our-radar","tag-earnings-watch","tag-egypt-djibouti-relations","tag-egypt-uk-relations","tag-egyptian-refining-company","tag-enterpriseam","tag-fintech","tag-ibnsina-pharma","tag-kazyon","tag-klivvr","tag-logistics","tag-morocco","tag-pharma","tag-qalaa-holdings","tag-real-estate","tag-tobacco","wpautop","entry"],"acf":{"mongo_id":"4230aad9-3678-48a8-8585-c65e8a819820","order":"11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/994.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC","related_issue":[654859],"teaser":"The supermarket chain tapped into the Saudi market in February with a 50% stake purchase of discount retailer Dukan","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.c838b5ab-f8c9-4025-8046-3f9e23c783fe.mp3"},"yoast_head":"\nKazyon to fuel Morocco expansion plans with USD 30 mn from the IFC - 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\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC\" \/>\n<meta property=\"og:description\" content=\"The supermarket chain tapped into the Saudi market in February with a 50% stake purchase of discount retailer Dukan\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-10T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC\",\"datePublished\":\"2024-11-10T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/\"},\"wordCount\":1036,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?fit=%2C&ssl=1\",\"keywords\":[\"agriculture\",\"ALSO ON OUR RADAR\",\"earnings watch\",\"Egypt-Djibouti relations\",\"Egypt-UK relations\",\"Egyptian Refining Company\",\"EnterpriseAM\",\"Fintech\",\"Ibnsina Pharma\",\"Kazyon\",\"Klivvr\",\"logistics\",\"Morocco\",\"pharma\",\"Qalaa Holdings\",\"real estate\",\"tobacco\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/\",\"name\":\"Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-11-10T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/","og_locale":"en_US","og_type":"article","og_title":"Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC","og_description":"The supermarket chain tapped into the Saudi market in February with a 50% stake purchase of discount retailer Dukan","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-11-10T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC","datePublished":"2024-11-10T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/"},"wordCount":1036,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?fit=%2C&ssl=1","keywords":["agriculture","ALSO ON OUR RADAR","earnings watch","Egypt-Djibouti relations","Egypt-UK relations","Egyptian Refining Company","EnterpriseAM","Fintech","Ibnsina Pharma","Kazyon","Klivvr","logistics","Morocco","pharma","Qalaa Holdings","real estate","tobacco"],"articleSection":["Also on our Radar"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/","name":"Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?fit=%2C&ssl=1","datePublished":"2024-11-10T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":614685,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/06\/kazyon-expands-into-saudi-arabia-acquiring-half-of-discount-retailer-dukan\/","url_meta":{"origin":654879,"position":0},"title":"Kazyon expands into Saudi Arabia, acquiring half of discount retailer Dukan","author":"enterpriseam admin","date":"6 February 2024","format":false,"excerpt":"Transaction was by an investment by an unnamed sovereign fund","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/325.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585654,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/27\/dpi-led-group-to-invest-usd-165-mn-in-retailer-kazyon\/","url_meta":{"origin":654879,"position":1},"title":"DPI-led group to invest USD 165 mn in retailer Kazyon","author":"enterpriseam admin","date":"27 April 2023","format":false,"excerpt":"The group will acquire a significant minority stake in the discount grocer","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/910.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":659002,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/20\/budget-supermarket-chain-kazyon-is-set-to-fully-acquire-minyas-upper-egypt-for-concentrates-plus-tanmiya-capital-ventures-vital-pharma-bel-egypt-pickalbatros-bolt-akh-gold-erada-micr\/","url_meta":{"origin":654879,"position":2},"title":"Budget supermarket chain Kazyon is set to fully acquire Minya\u2019s Upper Egypt for Concentrates. PLUS: Tanmiya Capital Ventures + Vital Pharma, Bel Egypt, Pickalbatros, Bolt, Akh Gold, Erada Microfinance","author":"enterpriseam admin","date":"20 January 2025","format":false,"excerpt":"The acquisition will be financed via a capital increase of an unspecified size","rel":"","context":"In "Also on our Radar"","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\/1\/1282.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650042,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/15\/kazyon-supermarket-to-inject-egp-800-mn-investments-this-year\/","url_meta":{"origin":654879,"position":3},"title":"Kazyon supermarket to inject EGP 800 mn investments this year","author":"enterpriseam admin","date":"15 March 2017","format":false,"excerpt":"Discount minimarket chain Kazyon will invest some EGP 800 mn in growth this year and plans to open 100 new branches, says Mohamed Kharma, according to remarks carried by Al Shorouk. Kharma, executive director at Kazyon parent company Tawfeer for Food Products, says the homegrown chain retails products for 10%-20%\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":653678,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/21\/redrafted-labor-act-receives-provisional-approval-from-house-committee-plus-news-from-kazyon-tez-tours-huawei-b-well\/","url_meta":{"origin":654879,"position":4},"title":"Redrafted Labor Act receives provisional approval from House committee. PLUS: News from Kazyon, Tez Tours, Huawei, B-Well","author":"enterpriseam admin","date":"21 October 2024","format":false,"excerpt":"The redrafted bill will be sent to the cabinet for approval and then referred back to the House","rel":"","context":"In "Also on our Radar"","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\/2024\/10\/1696.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598746,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/edita-signs-usd-30-mn-loan-facility-agreement-with-the-ifc\/","url_meta":{"origin":654879,"position":5},"title":"Edita signs USD 30 mn loan facility agreement with the IFC","author":"enterpriseam admin","date":"3 June 2019","format":false,"excerpt":"INVESTMENT WATCH- Edita lands loan worth up to USD 30 mn from IFC: Edita has signed an agreement with the International Finance Corporation (IFC) for a seven-year facility that could be worth up to USD 30 mn, according to a statement (pdf). The company will initially receive USD 20 mn\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\/654879","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=654879"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654879\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/654859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/654880"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=654879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=654879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=654879"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=654879"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=654879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}