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Wednesday, 18 May 2022

Rameda + IFC collab on sustainability

Rameda Pharma will work with the International Finance Corporation (IFC) to improve the sustainability of its operations, according to a joint statement (pdf) out yesterday. The partnership will help reduce the company’s carbon emissions and water usage, and optimize resources used for production.

The Sovereign Fund of Egypt has been made a full member of the International Forum of Sovereign Wealth Funds (IFSWF), a global network of sovereign wealth funds from over 40 countries, according to a statement. The SFE was made an associate member of the organization in 2019, which required it to implement the Santiago Principles, which consist of 24 principles that promote transparency, good governance, accountability and prudent investment practices for SWF, for three years.

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

  • Majid Al Futtaim opened Supeco, a low-cost store in Sixth of October City that combines a traditional supermarket and a wholesale outlet. (MAF, pdf)
  • Aspire Capital has received a license for its microfinance arm, Kheir Microfinance. (Hapi Journal)
  • The National Council for Human Rights has called on the Interior Ministry to transfer imprisoned activist Alaa Abdel Fattah to the Wadi Al Natrun correctional facility for its “advanced medical facilities” in response to his ongoing hunger strike. (Ahram Online)

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