Latest News Egypt

Bank

23/02/2022 at 16h24, by Africa Business+

Qatar National Bank divests from Egyptian Senouhi Company for Construction Materials

The construction materials production and distribution company previously belonged to Société Générale.

Renewable energies

17/02/2022 at 15h07, by Africa Business+

Green bond: FMO invests $100 million to underwrite Scatec’s Benban Solar Park

Another European institution has agreed to participate in the landmark issue for the massive Egyptian...

New technologies

15/12/2021 at 19h14, by Africa Business+

Fawry founder Mohammed Okasha completes funding round for DisrupTech Ventures

The founder of Fawry is about to close his first fund dedicated to start-ups.

New technologies

09/12/2021 at 18h06, by Africa Business+

Ashraf Zaki’s Lorax Capital Partners secures $18 million from DEG

The private equity firm, which had bet on Fawry, is approaching its final closing for its $250 million...

Mines

09/12/2021 at 13h55, by Africa Business+

Centamin considers debt raising options

The Jersey-registered, London and Toronto-listed gold producer is working on a plan to extend the life...

Industry

01/12/2021 at 17h07, by Africa Business+

Full plate of projects for new boss of Alstom Egypt

Ramy Salah Eldeen Mohamed was appointed managing director of the rail group’s subsidiary and will oversee...

Telecoms

29/11/2021 at 18h01, by Africa Business+

Vodacom’s Shameel Joosub to capitalise on Vodafone Egypt’s financial services

Vodafone Egypt, put up for sale in January 2020, was bought by Vodacom in mid-November. The pan-African...

Agri-food industry

18/11/2021 at 17h02, by Africa Business+

Maritime transport

05/11/2021 at 16h51, by Africa Business+

Port dispute: KGL and Cairo appoint arbitrators for CIRDI

The former partners find themselves for a second time before an arbitration tribunal following the breach,...

Private Equity

02/11/2021 at 17h11, by Africa Business+

Ezdehar Fund II: first closing imminent for Emad Barsoum

According to Africa Business+ sources, the former CEO of Wind Hella is preparing the first round of...

News

02/11/2021 at 14h01, by Africa Business+

ADIBE’s MD Mohamed Aly anticipates significant funding from IFC

After a slight contraction in activity during the COVID-19 crisis, the bank’s head hopes to negotiate...

Construction & Infrastructure

27/10/2021 at 20h47, by Africa Business+

Egypt rejects $500m ICC arbitration award to Damietta International Ports Company

The Egyptian court has ruled in favour of the Damietta Port Authority (DPA), which falls under the Ministry...

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