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Misr Life Ins. money market fund almost 5x oversubscribed
A money market fund recently launched by Misr Life Ins. was almost 5x oversubscribed at close this week, attracting more…
Openner’s Ahmed Elsherif on venture building, what the newest VC firm has under its sleeve for Egypt, and what makes a startup “venture-backable”
How US-based Openner is making venture-building a thing in Egypt: Openner, a VC firm with an eye for the region…
Hey there, Opontia (wink, wink)
Egypt could receive some of the USD 20 mn Riyadh-based consumer holding startup Opontia has earmarked for regional acquisitions. The…
E-commerce platform Tejarra and fintech player MoneyHash raise separate six-figure USD rounds
Egyptian e-commerce platform Tejarra.com has raised a six-figure USD seed investment from venture capital firm Openner, according to a press…
The bookies should be running odds on who’s going to get Alex Medical
Yas Holding launches bid for Alex Medical: It looks like yet another company has joined the bidding war for Abu…
Edtech platform iSchool raises USD 160k from Edventures
Edtech platform iSchool raised USD 160k from Nahdet Misr Publishing House’s venture capital arm Edventures, the company said in a…
Russia wants another RIZ in latest sign of warming ties with Moscow
Russia wants a second industrial zone in Egypt: The Suez Canal Economic Zone has received a request from Russia to…
Goldman says CBE could cut rates this month + reserves were up in May
The Central Bank of Egypt (CBE) can afford to cut rates by as much as 50 bps at its meeting…
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