AFRICA Offshore finance Issue dated 08/03/2021

Sawiris' offshore holdings keep Euronews afloat

Sawiris' holdings behind TV channel Euronews.
Sawiris' holdings behind TV channel Euronews. © Africa Intelligence / Indigo Publications - 2021
TV news channel Euronews is not in great shape, particularly after the failed sale of Africanews. The European Commission plans to reduce its subsidy and the various loans from majority stakeholder Naguib Sawiris have not been enough to make the company self-sufficient. [...] (549 words)
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