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Lekela Power is directing “most” of its investments to Egypt
INVESTMENT WATCH- Lekela is directing “most” of its investments to Egypt: Actis-backed Lekela Power is planning to funnel “most” of…
Egypt was the top destination for FDI in the Arab world between 2015 and 2020
Egypt was the top destination for FDI in the Arab world in the past half decade, attracting USD 124.5 bn-worth…
The way to a foreign investor’s pocket book is through their stomach
INVESTMENT WATCH- The way to a foreign investor’s pocket book is through their stomach. Ours is a consumer-led economy, and…
LuLu opens EGP 180 mn hypermarket in Sheraton
India’s LuLu Group has opened its second EGP 180 mn hypermarket branch in the District Mall in Cairo’s Sheraton neighborhood,…
FRA completes first draft of law to regulate fintech industry
LEGISLATION WATCH- The Financial Regulatory Authority (FRA) has finished the first draft of a law that will govern the fintech…
OIH eyes demerger to delineate between investments in financial services + other industries
DEMERGER WATCH- OIH board signs off on demerger to delineate between its investments in financial services + other industries: Orascom…
Beltone awaits US regulatory approval for Auerbach Grayson sale, to launch consumer finance arm within ‘weeks’
M&A WATCH- Beltone Financial is waiting on US regulatory approval to complete the sale of its 60% stake in New…
PE giant Actis to make new renewables acquisition this year
PE giant Actis to make new renewables acquisition this year, likes fintech, healthcare: Leading emerging-market private equity firm Actis expects…
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