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Algebra Ventures Fund II locks USD 15 mn from EBRD
The European Bank for Reconstruction and Development (EBRD) has approved a USD 15 mn equity commitment to Algebra Ventures’ second…
Alameda setting up a EGP 1 bn hospital in the new capital
Healthcare group Alameda is planning to invest EGP 1 bn to operate and manage a 300-bed hospital in the new…
Practical steps on how to institutionalize your family businesses
Institutionalization is to family-owned businesses what getting ready to raise a first series “A” is for a startup: A rite…
Zoomcar to invest USD 50 mn in three years
Car rental company Zoomcar is looking to double its investments in Egypt to USD 50 mn in the coming three…
Russia will start pouring money into RIZ buildout
Russia will start financing the construction of its Russian Industrial Zone (RIZ) next year, First Deputy Minister of Industry and…
Abu Qir raises EGP 2.25 bn in secondary offering
Abu Qir Fertilizers completed the sale of 10% of its shares for EGP 2.25 bn (c. USD 143 mn), according…
Last Night’s Talk Shows: Upskilling Egypt’s job market + the latest on the SFE’s projects
SMART POLICY- Leading coverage on last night’s talk shows: The government wants to upskill the labor market to stop robots…
SFE is pushing ahead with Siemens stake sale + privatizing military businesses
Updates on the Siemens power plants + military companies’ privatization from the SFE: The Sovereign Fund of Egypt (SFE) and…
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