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Egypt to unveil IPO program details for state companies within 2 weeks

Egypt’s Prime Minister Mostafa Madbouly has announced the government’s intention to unveil the plan for offering state-run companies on the Egyptian Exchange (EGX) in 2023 within two weeks. Madbouly, Asharq business reports, indicated that the Cabinet would soon reveal the names of the companies to be offered on EGX throughout 2023. Egypt has been planning […]

Gabon: Will Ali Bongo seek a third term in office?

Gabon’s President Ali Bongo has vowed to continue leading the central African country with a view to “finishing the job”, few months ahead of the presidential elections scheduled for August. The 64-year old man has not officially indicated plans to run for a third term but many believe he will do so. “I felt a […]

China’s OPPO mulls plans to set up $20m worth smart phone producing factory in Egypt

Chinese consumer electronics manufacturer OPPO is considering setting up a smart phone producing plant in Egypt with a total investment of $20 million, the CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said Sunday. The venture Heiba added during a meeting with Prime Minister Mostafa Madbouly will generate 650 jobs. […]