The National Bank of Egypt (“NBE”), one of the most prominent banks in Egypt, Africa and the Middle East, successfully obtained the “ISO 9001/2015” certificate in the field of Quality Management of the legal group, granted by the British Standards Institution (“BSI”) accredited by UKAS The International Accreditation Body in the United Kingdom. The certificate […]
Banking & Finance
Capital Markets
Egypt
MBH advises Tasaheel in its EGP 2.66 Billion Securitization Transaction
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Tasaheel Microfinance Company (“Tasaheel”) in connection with an EGP 2.66 billion securitization transaction. The transaction is considered the first issuance of Tasaheeel and Mashroey’s
Deal & transactions
Egypt
Food & Beverage
Agthia Group enhances Egyptian portfolio with the acquisition of Auf Group
Agthia Group, a major player in the food and beverage sector in MENA, is to enter into a strategic acquisition of 60% of Auf Group, an Egyptian healthy snacks and coffee company operating under the Abu
Deal & transactions
Egypt
Energy & Trading
Infinity Group and Africa Finance Corporation acquire Lekela Power
Infinity, a renewable energy company based in Egypt, and Africa Finance Corporation (“AFC,”), infrastructure solutions provider, are to acquire Lekela Power from Actis and Mainstream Renewable Power, in a deal that will make Infinity the
Italian luxury sports car manufacturer, Ferrari, in collaboration with Egyptian Automotive Importer Ezz Elarab Group, launched its official service center and authorized showroom in Egypt. The new partnership with Ferrari was celebrated with a grand
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
AlQamzi Developments to inject EGP14bn investments in Egypt
AlQamzi Developments has unveiled its strategic expansion plan in the Egyptian market, saying that it will inject investments worth EGP14bn in the span of four years. Yasser Zidan the Egyptian partner and executive
The National Bank of Egypt (“NBE”) has inaugurated its first branch in Juba, South Sudan on 28th June 2022 with a capital of USD30m. The bank’s presence in Africa will provide various banking and
Global law firm Baker McKenzie has appointed five new partners in the MENA Region. Dispute resolution partners Amir Alkhaja (UAE) and Sally Kotb (UAE), IP & technology partner Kellie Blyth (UAE), banking & finance partner
Banking & Finance
Egypt
Energy & Trading
Elsewedy Electric secures USD150m investment for operations’ expansion
Elsewedy Electric, Egyptian global providers of energy, digital, and infrastructure solutions, has secured a USD150 million loan from the International Finance Corporation (“IFC”), a member of the World Bank Group. IFC’s USD150 million investment,
Deal & transactions
Egypt
Energy & Trading
Siemens Energy with Egyptian Electricity Transmission Co in a EGP37m
Siemens Energy and Egyptian Electricity Transmission Company have entered into a long-term partnership for the expansion of Suez transformer station. The project cost is approximately EGP 37 million (EUR 1.87 million) + EUR 6 million as a discount
