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Lorax Capital Partners-led consortium acquires AfricInvest’s entire MDP stake. PLUS: Genesis opens first Egypt showroom, Fawry partners with Forsa
Lorax’s acquisition bid was backed by the EBRD, International Finance Corporation, and the French Development Agency’s Proparco
Trump opens US retirement savings to private equity and crypto
Critics warn the move could expose mns of Americans to higher fees and bigger risks, while asset managers rush to build new 401k products
AUGUST 12 August (Tuesday): Egyptian Tax Authority deadline for pre-2020 tax dispute settlement requests. 12 August (Tuesday): Capmas expected to release unemployment data for 2Q 2025. 12 August (Tuesday): National Election Authority to announce Senate election results. 28 August (Thursday): Monetary Policy Committee meeting. Mid-August: Launch of electronic platform to register Old Rent Law tenants. […]
Changzhou Rameda to invest USD 22.6 mn in new textile manufacturing facility
Good afternoon, friends. It’s another slow news day, and we’ve got a brisk issue for you. THE BIG STORY TODAY- China’s Changzhou Ramada will invest USD 22.6 mn to build a textile manufacturing facility in the Qantara West Industrial Zone, according to a Suez Canal Economic Zone (SCZone) statement. The details: The 80k-sqm plant will […]
Workplace loyalty is dead — and so is bargaining power
In a lengthy memo, AT&T CEO John Stankey offers a grim look into the future of the corporate workplace
Everything you need to know about everything
The Science of Everything tackles everything from genetics and psychology to tech and pop culture