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Hassan Allam, Abdul Latif Jameel water JV acquires Redwood Egypt
M&A WATCH- A joint venture between Hassan Allam Holding and Abdul Latif Jameel has acquired Ridgewood Egypt, which owns some…
Foundation Ventures launches new Egypt fund backing four local startups
STARTUP WATCH- VC firm Foundation Ventures has launched its inaugural Egypt-focused fund with an initial portfolio of four companies, Enterprise…
Ithmaar Bank ups its stake in Faisal Islamic Bank to 14%
M&A WATCH- Bahrain’s Ithmaar Bank has acquired its subsidiary Faisal Investment Bank of Bahrain’s shares in Faisal Islamic Bank of…
Proparco commits USD 11 mn to Lorax Capital’s Egypt-focused LCP II fund
INVESTMENT WATCH- Proparco has committed USD 11 mn to Egypt- and SME-focused private equity fund LCP II, the French Development…
Abu Dhabi sovereign wealth fund invests USD 1 bn in LuLu’s Egypt expansion
INVESTMENT WATCH- Abu Dhabi’s sovereign wealth fund ADQ Holding will invest USD 1 bn in retailer LuLu’s Egypt expansion, the…
Egypt’s Finance Minister Maait talks economy in IMF, World Bank meetings
INVESTMENT WATCH- FinMin pitches investment strategy, improving economic landscape to investors: Egypt is prioritizing investments in the transport, oil and…
VC firm Openner to invest USD 5 mn in 50 Egyptian tech startups in two years
INVESTMENT WATCH- US-based venture capitalist Openner is planning to invest USD 5 mn in Egyptian startups over the next two…
Dabaa nuclear power plants could generate 4x returns for Egypt -Rosatom
The Dabaa nuclear power plant is expected to generate returns worth 4x the amount spent on its construction, Alexander Voronkov,…
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