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National Bank of Egypt, Banque Misr sell EGP 121 bn of high-yield certificates
State banks sell EGP 121 bn of high-interest saving certificates: National Bank of Egypt (NBE) has sold EGP 82 bn…
Brimore raises USD 3.5 mn in pre-series A investment
STARTUP WATCH- Cairo-based social commerce platform Brimore has raised USD 3.5 mn in a pre-series A funding round led by…
Cairo 3A closes EGP 420 mn acquisition of Egyptian Starch & Glucose
M&A WATCH- Cairo 3A closes EGP 420 mn acquisition of Egyptian Starch & Glucose after successful MTO: Cairo 3A has…
El Sisi ratifies law to expedite payments to gov’t contractors, suppliers
LEGISLATION WATCH- Suppliers and construction outfits working on government contracts will receive EGP 10 bn in arrears after President Abdel…
FRA approves Pioneers Holdings’ five-way MTO
M&A WATCH- FRA approves Pioneers Holding’s acquisition of five of its subsidiaries shares: The Financial Regulatory Authority has approved Pioneers…
Egyptian e-commerce startup Source Beauty lands pre-seed funding from 500 Startups
STARTUP WATCH- Source Beauty raises pre-seed funding from 500 Startups: Source Beauty, an Egyptian e-commerce startup focused on beauty products,…
CDC closing in on USD 100 mn investment in unnamed healthcare player
INVESTMENT WATCH- CDC closing in on USD 100 mn investment in unnamed healthcare player: The UK’s CDC Group is planning…
Egypt-based CVentures invests in UK small business accounting app Countingup
STARTUP WATCH- CIB’s venture capital arm CVentures has invested in UK-based small business banking and accounting app Countingup, according to…
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