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)