Latest News Egypt
Commercial banking
17/11/2023 at 20h13, by Africa Business+
Egypt’s Commercial International Bank seeks EBRD for $150 million
The international donor has just awarded Egypt’s third-largest bank, CIB, $150 million.
Bank
27/10/2023 at 16h55, by Africa Business+
Banque du Caire returns to the EBRD amid currency stress
The European financial institution is backing the financial group and three other Egyptian banks in...
Energy
13/10/2023 at 14h44, by Africa Business+
EBRD supports Egyptian high-voltage network as part of NWFE mega-plan
The project also benefits from a grant from the European Union against a backdrop of budgetary tensions...
Mines
02/10/2023 at 13h59, by Africa Business+
La Mancha Fund founder Naguib Sawiris still interested in Appian’s nickel assets despite ACG takeover failure
The aborted deal, proposed last June, would have seen the consortium comprising La Mancha Resource Fund,...
Maritime transport
29/09/2023 at 17h16, by Africa Business+
APM Terminals obtains $175m from IFC for Port Said terminal extension
This project, estimated at $489 million, is being carried out with the Chinese company Cosco and other...
Private Equity
15/09/2023 at 13h56, by Africa Business+
Matouk Bassiouny advises AfricInvest on its operation in Egypt
The management fund enlisted the help of a private equity expert based in Cairo and got closer to the...
Agri-food industry
15/09/2023 at 04h39, by Africa Business+
IFC backs ex-PepsiCo subsidiary, Egyptian agri-food company Beyti, and its Saudi shareholder
The company, fully owned by the Riyadh-based group, Almarai, will receive a $75 million loan to consolidate...
Mines
14/09/2023 at 14h19, by Africa Business+
Allied Gold: Allen & Overy, McCarthy Tétrault and Appleby provide support to fundraising, business combination and IPO
These law firms’ teams were mobilised for the transaction completed in early September by the mining...
Private Equity
11/09/2023 at 20h15, by Africa Business+
Daniel Calderon (Alcazar Energy Partners), close to securing American support for his second fund
After selling all its first fund’s assets to Chinese giant, Three Gorges, the investment manager, led...
Industry
23/08/2023 at 16h39, by Africa Business+
EGIC, Egypt’s leading braking company, knocks on the EBRD’s door to counter the fall in the Egyptian pound
The plastic pipe manufacturer needs significant financial support in the face of an Egyptian economy...
Maritime transport
18/08/2023 at 16h18, by Africa Business+
Egypt: EBRD joins IFC and Proparco to finance the second terminal at the port of Damietta
Of the $665 million sought to support the expansion of this leading Egyptian port, the promoters could...
Bank
27/07/2023 at 14h53, by Africa Business+
Egypt: World Bank continues to support Al Baraka Bank
In the wake of several currency devaluations, the country’s weak banks have sought funding from international...
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