Banque du Caire is now offering a one-year, 25% certificate of deposit.
Real estate tax revenues reached EGP3.1 billion during 1H22/23.
The Ministry of Transport and the Spanish train manufacturer, Talgo, are considering establishing a new company to localize the train manufacturing industry in Egypt.
According to Fitch Ratings, Egyptian banks’ regulatory capital ratios can withstand further EGP depreciation as they are supported by healthy internal capital generation.
BINV is going to sell Giza Systems at a higher value (USD128 million up from USD119 million). This translates to USD83 million after deducting WC items and taxes. Accordingly, BINV’s stake would record around USD37 million.
HRHO is going to exit its operations in Pakistan and Jordan.
SKPC is planning to acquire 100% of ETHYDCO during 3Q23 through share swap.
Vodacom is acquiring an additional 0.02% of Vodafone Egypt from minority shareholders after the subscription period of its offer closed yesterday.
The Alexandria Electricity Distribution Company is preparing to offer a tender to companies working in the field, to supply 200k prepaid electricity meters.