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Raya Auto to invest EGP 200 mn in EV production
INVESTMENT WATCH- Raya Auto plans to invest EGP 200 mn in local EV assembly over the next three years: Raya…
Alta Semper raises stake in Macro Holding to 80%
M&A WATCH- Alta Semper ups stake in Macro Holding to 80%: Private equity outfit AltaSemper Capital has raised its stake…
What we’re tracking on 21 September 2020
Good morning, friends, and welcome to another busy September morning. Let’s jump right in: It’s interest rate week: The Central…
Egypt’s Fawry mulls launching emerging tech investment arm in 2021
Egyptian e-payment giant Fawry is considering establishing a new company to invest in emerging technology startups and firms, CEO Ashraf…
TAQA to inaugurate new natgas fueling stations this year
TAQA Arabia is planning to open several natural gas fueling stations before the end of the year at a combined…
Sawari Ventures makes follow-on investment in Egyptian AI startup Elves
STARTUP WATCH- Sawari Ventures has made a follow-on investment in high-profile AI startup Elves, bringing Elves’ total pre-series A funding…
Interest rate cuts won’t dent investors’ enthusiasm for Egypt -Goldman
EGP to stay strong, interest rate cuts won’t dent carry trade enthusiasm for Egypt -Goldman: Bulge Bracket stalwart Goldman Sachs…
EFG Hermes, Egypt’s sovereign fund to finalize AIB takeover this year
M&A WATCH- EFG Hermes, SFE to finalize AIB acquisition this year: EFG Hermes and the Sovereign Fund of Egypt (SFE)…
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