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Wednesday, 2 December 2020

Also on our radar on 2 December 2020

Misr Ins. Holding Company is considering expanding its portfolio to include financial leasing, factoring, and microfinance by acquiring existing entities or establishing new ones, said Chairman Basel El Hini.

Other things we’re keeping an eye on this morning:

  • UK-based outfit Fosroc will manufacture and distribute construction chemicals in Egypt after setting up a 50-50 joint venture firm with ChemTech, Fosroc said in a statement.
  • Chinese smartphone maker Infinix has started manufacturing phones at its local factory in Assiut’s tech zone.
  • The Central Administration of Agricultural Quarantine has placed new controls on citrus exports to Japan, limiting the type of fruits available for export and requiring them to be shipped by sea only.

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