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Thursday, 10 December 2020

Also on our radar on 10 December 2020

SolarizEgypt was the first to install a solar rooftop as an independent power producer that sells electricity to another private company when it completed a 1 MW photovoltaic (PV) system for Coca Cola, the European Bank from Reconstruction and Development said. The project was supported by the EBRD’s Green Economy Financing Facility, which allowed Solariz to take out a loan from QNB AlAhli.

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

  • EFG Hermes has signed a partnership agreement with fintech supply chain specialist Cayesh to allow suppliers to pay for their receivables using Cayesh services.
  • Egypt Post will provide logistical services to e-commerce giant Jumia after the two inked a cooperation agreement, the local press reports.
  • German rail company Deutsche Bahn has been tasked with the engineering consultancy and technical designs for the new, multi-bn USD electric rail line that will connect Abu Qir Port to West Port Said.
  • Speed Medical will establish a joint venture with Saudi healthcare player Elaj to set up Elaj-branded lab facilities in North Africa and medical centers in Egypt under the terms of an MoU signed yesterday.

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