• Monday, 22 November 2021

    Sawiris calls for end to “unfair” state involvement in the economy

    This morning in the foreign press: Naguib Sawiris says he wants fair competition for Egyptian businesses. The outspoken b’naire told AFP that the government’s involvement in the private sector has resulted in an “unfair” playing field and has scared off...
  • Sunday, 14 November 2021

    Ora plans USD 1 bn Africa expansion + Sawiris pivots to battery metals

    Naguib Sawiris’ Ora Developers is planning to invest at least USD 1 bn over the next five years to increase its footprint in Africa, the Egyptian bn’aire told the National on the sidelines of a real estate expo in Dubai...
  • Sunday, 29 August 2021

    Sawiris likes Chilean copper

    Sawiris’ Altus to take a stake in Chilean copper mine: Naguib Sawiris-backed mining firm Altus Strategies has completed the first close on an agreement that would see it take a 0.42% stake in the net smelter return royalty of Chile’s...
  • Wednesday, 28 July 2021

    La Mancha fund aims to raise USD 300-400 mn investments

    La Mancha’s fund targets USD 300-400 mn contributions: Sawiris-run La Mancha is open accepting new investors in its new USD 1.4 bn mining fund, aiming to attract investments worth USD 300-400 mn, Chairman Naguib Sawiris told Al Arabiya in a...
  • Monday, 26 July 2021

    Sawiris’ La Mancha transforms into mining fund

    Sawiris-run La Mancha is transforming itself into a USD 1.4 bn mining fund that includes all of La Mancha’s current gold mining assets as well as a USD 100 mn contribution from an unnamed strategic investor, the firm said in...
  • Monday, 14 June 2021

    Sawiris’ Endeavour becomes an LSE-listed company

    Naguib Sawiris-backed Endeavour Mining has listed today on the LSE after being admitted into the UK Listing Authority’s premium listing segment, the company said in a statement. Endeavour, which counts Sawiris’ La Mancha as its largest shareholder, set up a...
  • Wednesday, 28 April 2021

    Orascom Investment to sell Pakistan internet subsidiary

    Naguib Sawiris’ OIH to sell stake in Pakistan-based submarine cables business: Orascom Investment Holding’s board of directors has preliminarily approved selling the company’s entire stake in internet service provider Transworld Associates (TWA), the company said in a regulatory filing (pdf)....
  • Tuesday, 6 April 2021

    Also on our Radar on 6 April 2021

    Egypt is planning to develop six “new cities” across the country, as part of its urban development plans, Deputy Housing Minister Walid Abbas said at a real estate conference yesterday. The government is currently conducting feasibility studies on the new...
  • Tuesday, 6 April 2021

    Sawiris gearing up to bid for gold exploration blocks in Egypt

    Naguib Sawiris is planning to take part in Egypt's ongoing gold exploration tender, the bn’aire said at a conference yesterday, the local press reports. Sawiris’ La Mancha Holding is the largest shareholder in Toronto-based Endeavour Mining, and also holds an...

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