Jan 15, 2021
1 min read
Failed to pay $128mn debt to medical manufacturers, Egypt now suffers oxygen crisis
According to the anonymous source, there are 53 companies currently manufacturing oxygen and medical devices at the request of Egypt.
Some of the companies are refusing to supply anything else until they are paid, whilst some have continued given the urgency of the situation, the source said.
Some of them are afraid to discontinue the supply in case they are blacklisted and not used again in the future.
The news comes despite the Finance Minister Mohamed Maait’s order to the government to pay half of the debt immediately and the other half in June.
The first half of the payment is yet to be received by the companies.
