News

Vantage Capital, Africa’s largest mezzanine debt fund manager, has provided $45m of mezzanine debt funding to the International Group for Modern Coatings (“MIDO”), a leading Egyptian manufacturer of speciality paints and coatings. This transaction marks Vantage Capital’s third investment in Egypt and is among the largest mezzanine debt transactions in…

Egypt and Kenya have explored ways to expand cooperation in healthcare and the pharmaceutical industry, as Egyptian Health Minister Khaled Abdel Ghaffar took part in the Global Health Summit Nairobi. According to Egypt’s health ministry, Abdel Ghaffar led the country’s official delegation to the summit, which focuses on digital health transformation,…

Healthcare company Opella has appointed Murali Rao as its Brand and Innovation Head for the Africa, Middle East and Turkey (AMET) zone, mandating him to steer the firm’s brand portfolio and innovation roadmap. Rao, who joined the company in 2024, is tasked with accelerating Opella’s self-care operations across the region.…

Commercial International Bank – Egypt (CIB) has completed an EGP 1.307bn securitisation issuance for B.TECH, acting as the exclusive financial advisor, lead arranger, issuance manager, promoter, and underwriter for the transaction. The single-tranche issuance, which carries a 12-month maturity, is the third under B.TECH’s 14th securitisation programme. The wider two-year…

French companies are planning multiple new projects in Egypt’s clean and renewable energy sectors in the coming period, the French ambassador to Cairo confirmed during discussions on national power grid modernisation with Egypt’s electricity minister. Ambassador Eric Chevallier stated that French firms are keen to establish new investments in Egypt,…

Egypt’s Ministry of Transport has overseen the signing of two landmark agreements between Egyptian National Railways and the National Egyptian Railway Industries Company (NERIC), advancing efforts to localize railway manufacturing and strengthen maintenance capacity. The agreements were signed at NERIC’s manufacturing facility in the presence of Transport Minister Kamel Al-Wazir…

Egypt’s Minister of Industry, Khaled Hashem, met with a delegation from Savola Group, led by CEO Sameh Hassan, to discuss the company’s operations in Egypt and future expansion plans. The talks align with the government’s broader efforts to strengthen the industrial sector and enhance food security. Savola has maintained a…

The European Bank for Reconstruction and Development (EBRD) has extended a financing facility worth EGP 250m (approximately €4.4m) to Fawry Microfinance, a wholly owned subsidiary of Fawry for Banking Technology and Electronic Payments, in a move aimed at expanding digital microfinance services in Egypt. The facility is designed to enhance…