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It was a busy night on the airwaves, with the nation’s talking heads bringing us coverage of fuel drama, Takaful and Karama updates, and some startup news.
(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)
Madbouly orders probe into adulterated fuel claims: Prime Minister Moustafa Madbouly addressed the fuel contamination allegations during his weekly presser last week, saying he had instructed Oil Minister Karim Badawi to conduct a full investigation into the claims and make the results public.
The Oil Ministry has received some 681 complaints from across the country related to the alleged adulterated fuel, ministry spokesperson Moataz Atef told El Hekaya’s Amr Adib (watch, runtime: 2:58). So far, the tests conducted showed that samples meet specifications, but investigations are still ongoing..
ALSO ON THE AIRWAVES- Local fintech startup Bokra Holding plans to launch EGP 20 bn in SME-focused financing by the end of the year, founder and CEO Ayman Elsawy told Cairo Weekend’s Zeina Soufan (watch, runtime: 12:26), naming healthcare, agritech, education, and logistics as priority sectors.
That’s not all: The company is also planning to roll out real estate and gold investment funds in real estate and gold metals by 3Q 2025, backed by sharia-compliant debt instruments, Elsawy said, adding that the move aims to tap into Egyptians’ longstanding affinity for gold and real estate as value-preserving assets. The real estate fund will be worth around EGP 2 bn, while the gold fund is expected to launch with a size of EGP 50-100 mn, Elsawy said.
WANT MORE OF ELSAWY? We interviewed the founder and CEO for our My Morning Routine column last month. Check out the interview here.
AND- Private equity outfit Ezdehar is looking to acquire two companies in 4Q 2025 — including one in the ready-made garments industry, Managing Director Emad Barsoum told Cairo Weekend (watch, runtime: 1:12). The firm is targeting USD 70-80 mn in new investments through 1Q 2026.
