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Algebra Ventures promotes Omar Khashaba to principal
MOVES- Our friends at Algebra Ventures have named Omar Khashaba (Linkedin) a principal; Khashaba had previously been senior associate in…
IFC commits USD 20 mn to Egypt, North Africa-focused PE fund SPE AIF I
IFC commits USD 20 mn to North Africa-focused PE fund: The International Finance Corporation (IFC) is committing USD 20 mn…
Banque du Caire postpones IPO on market turmoil -chairman
IPO WATCH- Banque du Caire postpones IPO on market turmoil, chairman confirms: State-owned Banque du Caire (BdC) has shelved plans…
Egypt could earmark more funding for covid-19 fight
Egypt’s commitment to insulating the economy from the impact of covid-19 is “open-ended” and could go above the EGP 100…
What we’re tracking on 12 April 2020
We’re headed into a four-day long weekend, friends, and we cannot ever recall having been more profoundly grateful for a…
Egypt’s AIH plans IPO of its non-bank financial services arms in 2021
IPO WATCH- AIH plans IPO of its NBFS arms in 2021: Arabia Investments Holding is planning to list its non-banking…
What we’re tracking on 09 April 2020
The Sisi administration has extended the nationwide curfew by two weeks to 23 April. All other measures it has imposed…
Egypt’s foreign reserves dip USD 5 bn in March
FX reserves dip in March for the time in 14 months: Foreign reserves dipped USD 5.4 bn in March to…
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