Al Shroouk Scan seeks $20m to expand diagnostics network in Egypt

Kiswahili

Egypt-based Al Shroouk Scan and Lab announced plans to secure $20m in new financing to support its expansion strategy across Cairo and other governorates.

Chairperson Abdallah Mostafa said the group is preparing to expand into Cairo’s Fifth Settlement, Alexandria, Menoufia, and Gharbia, with rollout expected by 2030. The company currently operates five branches.

The firm was founded in 2009 and formally structured in 2014 with a capital base of EGP 3.2m. It has grown revenues from EGP 1m in 2009 to approximately EGP 140m today, with total investments reaching EGP 1bn. The group employs around 400 staff.

Al Shroouk also announced plans to launch a new branch in Palm Hills’ Strada Rise with $8m in investments, including specialized radiation therapy services. A new facility in the R3 district of the New Capital will be dedicated to radiotherapy services. Revenues are expected to grow by up to 200% annually following the expansion of these services.

Makala yanayohusiana

Pharco Pharmaceuticals plans EGP 1.5bn investments for production and export expansion

Pharco Pharmaceuticals plans to invest around EGP 1.5bn next year, up from about EGP 1.15bn in 2025, to expand production capacity and strengthen its presence in domestic and export markets, Chairperson Sherine Helmy said. The company is prioritising improvements in product quality alongside expansion and diversification of production lines.

Banque Misr signs EGP 300m deal for Andalusia Hospital Maadi

Imeripotiwa na AI

Banque Misr has signed an eight-year financing agreement worth EGP 300 million and $6.5 million with Andalusia Hospital Maadi. The funds will support construction and medical expansions at the facility. The project aims to add 70 new beds to meet rising demand for specialised care.

Afrika

MSMEDA injects EGP 2.2bn to finance Menoufeya projects

Afrika

Egypt allocates EGP 60bn to upgrade power grid and support renewable energy

Afrika

Al Ahly Pharos advises MNT-Halan on funding round lifting valuation to $1.4bn

Talaat Moustafa Group records EGP 130bn in North Coast sales

Talaat Moustafa Group achieved EGP 130 billion in sales in Egypt’s North Coast during 2025, according to a report by The Board Consulting. The company captured 38 percent of regional sales over the past two years.

Egypt steps up field and digital oversight on healthcare facilities

Imeripotiwa na AI

Egypt's Ministry of Health is intensifying field inspections and expanding digital oversight of healthcare facilities to improve service quality and efficiency nationwide. Health Minister Khaled Abdel Ghaffar chaired a regular meeting with senior officials to review progress and tackle implementation challenges.

Jumapili, 14. Mwezi wa sita 2026, 22:03:09

Egypt Vaccine City investments to reach EGP 12bn by 2030

Jumanne, 12. Mwezi wa tano 2026, 08:24:03

Rayz Developments launches BRX mixed-use project in New Cairo

Jumanne, 5. Mwezi wa tano 2026, 23:17:08

SCZONE attracts record $7.1bn in annual investments

Jumapili, 3. Mwezi wa tano 2026, 12:38:37

K Developments launches EGP 1.5bn Palencia Plaza in Shorouk City

Jumatano, 15. Mwezi wa nne 2026, 17:22:46

Sakr to invest EGP 940m in three Sokhna industrial projects

Jumanne, 7. Mwezi wa nne 2026, 01:48:45

Egypt's Lucky raises $23m Series B for North Africa credit expansion

Jumamosi, 4. Mwezi wa nne 2026, 10:02:43

Egypt’s health minister reviews medical projects in Badr, Obour and Nasr City

Jumamosi, 28. Mwezi wa tatu 2026, 05:29:13

Egypt's medical tourism jumps 76.7%, generating $8m in 2025

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