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Allianz + Sanlam merge African operations
Allianz and South Africa’s Sanlam are merging their operations in Africa to create “the largest pan-African non-banking financial services entity…
PIF subsidiary ups stake in EGX-listed Rameda + El Garhy buys Nat’l Glass and Crystal from ADIB Egypt
Saudi PIF subsidiary ups stake in Rameda: The Saudi Seventh Investment Company (SSIC) has purchased another 6.5% of Rameda Pharma,…
Swvl to acquire Turkish transit company Volt Lines
Cairo-born mass transit firm Swvl is continuing its buying spree, announcing this week an agreement to purchase Turkish firm Volt…
Vodafone Egypt acquires 10% stake in Bee and Masary + setting the record straight on an Arco-Ashry Steel tieup
Vodafone Egypt makes first stake buys in Bee + Masary: Vodafone Egypt has acquired 10% stakes in e-payment platforms Bee…
CIB’s newest (and largest) shareholder isn’t looking to shake up management
CIB management gets vote of confidence from (new) largest shareholder: Alpha Oryx, a subsidiary of Abu Dhabi sovereign wealth fund…
Sri Lankan NBFI acquires 100% of First Microfinance, aims to grow loan book and branch network
Sri Lankan conglomerate LOLC Group has acquired 100% of FirstMicrofinance in a transaction worth EGP 80.2 mn, First Microfinance CEO…
THIS EVENING: We’ve got a ton of holidays coming up + Infinity rolls out seven charging stations for the first time in the Delta
Happy Monday, friends, and welcome to what’s shaping up to be another unusually quiet Ramadan afternoon. IT’S HOLIDAY SEASON- Next…
Brmaja’s Egyptian arm makes a play for Saudi subsidiary of Brmaja Group
Saudi tech firm Brmaja moves to consolidate its presence here: Brmaja IT, an Egyptian subsidiary of Saudi Arabian tech firm…
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