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Flat6Labs’ Egypt fund more than quadruples to EGP 207 mn
Flat6Labs has completed the second close of its Egypt-focused Flat6Labs Accelerator Company (FAC), raising the fund size to EGP 207…
Zabaleen are getting new competition in Cairo
Gov’t hires two private companies for municipal solid waste management around Cairo: Four ministries signed contracts with Ertekaa Integrated Services…
IDA exec regs are the law of the land + sovereign sukuk inch closer to legislative clearance
The wait is over for industrial investors: The executive regulations to the law regulating the Industrial Development Authority (IDA) come…
Palestine death toll mounts + Turkey and Saudi struggle to make up
The death toll in Palestine stood at212 as of Monday evening as Israel continued to launch airstrikes on Gaza yesterday,…
MNHD CEO Ahmed El Hitamy resigns
Madinet Nasr Housing and Development CEO Ahmed El Hitamy (LinkedIn) has resigned to join his family business, the company said…
Earnings Watch: Orascom Development, Arabian Cement, AT Lease
Orascom Development Egypt’s saw an almost 5x rise in net income in 1Q2021, reporting (pdf) this morning EGP 438.5 mn…
GIZ Egypt to set up EUR 100 mn funding program for new VC outfits
GIZ to invest up to EUR 100 mn in young VCs: GIZ Egypt has partnered with the government’s Micro, Small…
African sovereign wealth funds are prioritizing the local over the global
The pandemic was “a boon” for African sovereign wealth funds that invest at home, providing a boost to sectors in…
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