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Monday, 19 September 2022

Another EUR 100 mn in green lending could be coming from the EIB

The European Investment Bank (EIB) could lend EUR 100 mn to the Environmental Affairs Agency for on-lending to public and private industrial companies to green their manufacturing processes, according to the bank’s website.

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

  • Egyptian Company for Pipes and Cement Products (Siegwart) is set to open an EUR 8 mn railway sleepers factory this October, with an annual production capacity of 500k high-speed railway sleepers. (Statement).
  • The new Egyptian-British mint in the Suez Canal Economic Zone will cost EGP 2 bn to set up. The facility will produce 500 mn coins annually, with 50% directed for export. (Cabinet statement)
  • Chinese chemical firm Tianyi Chemical will build a bromine plant in the Suez Canal Economic Zone that is set to eventually produce 30k tons of bromine a day. (Statement)
  • Amazon Egypt head Omar Elsahy met with the head of the General Authority for Investment and Freezones to discuss increasing investment. (Statement)
  • Forty-six pre-trial detainees were released over the weekend, including human rights lawyer Haitham Mohamadein. (Youm7 | AP)

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