Latest News Egypt
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...
Large-scale distribution
26/07/2023 at 15h50, by Africa Business+
Egyptian discounter Kazyon takes on Moroccan market
The supermarket chain is relying on a panel of leading investors to achieve this.
Logistics
24/07/2023 at 15h36, by Africa Business+
Ain Sokhna terminal: Brussels gives its green light to Hutchison, Cosco Shipping Ports and CMA CGM
The trio aims to develop a new container terminal in the Egyptian city.
Bank
07/07/2023 at 14h45, by Africa Business+
Commercial International Bank: Hussein Majid Abaza wins $250m climate finance package
The package was negotiated with a leading international lender.
News
27/06/2023 at 16h49, by Africa Business+
Aroni Chaudhuri (Coface): “Kenya risks defaulting on its external debt; it has to repay its $2 billion Eurobond, which matures in June 2024”
Aroni Chaudhuri, an economist specialising in Africa at French credit insurer Coface, which has forecast...
Industry
04/05/2023 at 17h45, by Africa Business+
Kandil Steel seeks IFC support to address rising raw material costs
The International Finance Corporation (IFC) is considering a three-year, $25 million loan to Egypt’s...
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