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SANAD Fund, Green for Growth Fund plan to invest USD 30-80 mn in Egypt
Up to USD 80 mn in love for renewables and SMEs. SANAD Fund and Green for Growth Fund (GGF) are…
Abraaj LPs vote to give Actis the right to manage defunct firm’s sub-Saharan Africa, Asia funds
M&A WATCH- Limited partners in Abraaj funds have reportedly voted in favor of giving Actis the right to manage the…
EIPICO to set up pharma factory for EGP 1 bn
ACDIMA subsidiary the Egyptian International Pharma. Industries Company (EIPICO) is planning to set up a biosimilar production facility at a…
Algebra ventures co-leads USD 800k seed funding round for Brimore
Our friends at Algebra Ventures have co-led a USD 800k seed round for direct-selling company Brimore in partnership with Endure…
Egypt’s balance of payments enters deficit in 1H2018-19, current account deficit widens to USD 3.8 bn
Tourism is up, but FDI is down: Egypt’s balance of payments swung to a USD 1.77 bn deficit in 1H2018-19…
Sawiris looks to acquire license for SME-focused bank in Egypt
Hope springs eternal: Naguib Sawiris would like to set up an SME-focused financial institution once the Central Bank of Egypt…
Different themes occupy the nation’s talking heads yesterday
No particular theme dominated last night’s talk shows. Among the handful of business-relevant stories: Egypt’s balance of payments report carried…
Teda to invest USD 320 mn in Suez Canal development projects
The Teda Investment company has signed agreements with a consortium of eight other investment firms to offer USD 320 mn…
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