CIB completes EGP 1.307bn securitisation issuance for B.TECH
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
Opella appoints Murali Rao as AMET Brand and Innovation Head
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,
Egypt, Kenya deepen health, pharmaceutical cooperation to strengthen African health security
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
Al-Sisi, Russian aide Patrushev discuss Suez Canal industrial zone, El Dabaa nuclear plant in Cairo
Egypt and Russia are advancing cooperation on maritime navigation and major joint infrastructure ventures, including the El Dabaa nuclear power plant and a Suez Canal industrial zone, officials announced following discussions in Cairo on Monday. The talks between Egyptian President
Vantage Capital invests $45m in MIDO, a leading Egypt-based speciality paints coatings manufacturer
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
Finance Ministry steps up investor outreach to showcase Egypt’s economic vision
The Ministry of Finance is intensifying engagement with international investors to present Egypt’s vision for navigating current economic challenges and sustaining growth. Ahmed Kouchouk, Minister of Finance, emphasized that the government has adopted a rapid, proactive approach that has been
Egypt implements 975 projects worth EGP 638bn to advance Sinai development since 2014
Prime Minister Mostafa Madbouly chaired a high-level meeting on Sunday to review executive plans for developing the Sinai Peninsula and boosting investment inflows, as part of the government’s broader strategy to achieve balanced urban growth and strengthen the national economy.
Kiwe secures final CBE approval to launch social-centric fintech platform
Kiwe, the home-grown fintech startup designed around how people use money today, has received final approval from the Central Bank of Egypt (CBE) to launch its application and card in the Egyptian market. The milestone signals the arrival of a
Egypt ends shop closure rules, eyes solar incentives as US-Israeli-Iranian” crisis weighs on regional growth
Egypt has lifted an 11 p.m. mandatory closing time for public shops, commercial centres, and restaurants, and will launch a solar energy incentive initiative for homes and factories, the government announced following a crisis management meeting addressing the economic fallout
Al-Sisi approves Galala development plan, orders tourism, trade expansion
Egyptian President Abdel Fattah Al-Sisi has approved a comprehensive four-year development plan for Galala City on Egypt’s Red Sea coast, aimed at transforming the area into an integrated hub for tourism, trade, and economic activity. According to the presidency, Al-Sisi