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Ibnsina’s investment arm to pour EGP 440 mn into logistics firm
EGX-listed Ibnsina Pharma’s investment arm AIM is investing EGP 440 mn to establish a logistics service provider, Ramp Logistics, according…
TONIGHT: Ibnsina is setting up an EGP 440 logistics provider + Cairo ICT and TransMea get underway
Good afternoon, ladies and gentlemen. It’s been a relatively calm Sunday so far, but it’s shaping up to be an…
EBRD raises Egypt’s FY 2021-2022 growth outlook
EBRD is more optimistic about Egypt’s growth outlook: Egypt’s economy is on track to grow 4.9% in FY2021-2022, the European…
Grocery delivery app Breadfast raises landmark USD 26 mn in series A round
Grocery delivery startup Breadfast has secured USD 26 mn in funding in a series A round co-led by Vostok New…
Heliopolis Housing wants to ride that e-Finance wave
Heliopolis Housing and Development’s plan to tap the EGX appears to have been brought back from the dead in the…
TONIGHT: A new corporate green bond sale in the works + what’s up with Uber’s GPS? Plus: Supply chain woes aren’t doing Egypt’s private sector any favors
Good afternoon, ladies and gents, and welcome to a busy second-to-last day of the workweek. A relatively calm news cycle…
NBE wants to borrow USD 1.5 bn from int’l lenders in 2022
The National Bank of Egypt (NBE) is in the market to borrow USD 1.5 bn from international institutions next year,…
Gov’t really wants us to cut down on imports
Import substitution is back on the Cabinet’s priority list: The government is setting up a new committee on import substitution…
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