HSBC boosts Swvl’s working capital facility by 110% to USD 1.4 mn
· Egyptian market news · EAST
HSBC has raised Swvl’s working capital facility by 110% to USD 1.4 mn press release in November 2024
ICYMI- in late August upsized to c. USD 14.5 mn
BACKGROUND- in November 2025 2023-2024 restructuring
Agreements on Ras El Hekma’s dunes
ADQ-backed developer Modon Holding has awarded a third large-scale development contract at Ras El Hekma’s Wadi Yemm Asharq Business
IN CONTEXT- an EGP 15 bn development contract EGP 10 bn roads and utilities package is building
About the project: project’s website October 2024
Egypt and Saudi Arabia are working through the roadmap for designing and building their first jointly developed satellite. LinkedIn post
REMEMBER- PIF and Talaat Moustafa Group 3 GW electricity interconnection
EgyptAir wants to fly to Australia from 2027 press release 43k-plus-strong diaspora
It wouldn’t be the first time: Aviation Week
IN CONTEXT- Cairo-Los Angeles Cairo-Chicago Cairo-Zanzibar welcoming 30 mn annual visitors
EGX-listed Telecom Egypt (TE) pushed back on reports that it is planning an expansion into an East African market a bourse disclosure (pdf)
REFRESHER- pulled the plug on its planned sale
Two disposals in one sitting
Cairo Poultry is putting its stake in security services firm Aman on the block EGX disclosure (pdf)
REMEMBER- the Financial Regulatory Authority clearing
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