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Cabinet approves draft bill to regulate fintech industry
The draft law that will govern the fintech space received approval from the Madbouly cabinet in its weekly meeting yesterday,…
Rail upgrades get a boost
AfDB has approved a EUR 145 mn loan to finance railway upgrades through the Egypt National Railways Modernization Project (ENRP),…
What’s up with the tobacco license tender?
The tender for a license to set up Egypt’s second tobacco company appears to be scheduled to go ahead later…
Why are VCs and angels wary about investing in green startups?
Why are VCs and angels wary about investing in green startups? In 2020, VCs and angel investors made 49 investments…
Banque Misr inks USD 100 mn loan agreement with JICA for SME lending
Banque Misr has signed a USD 100 mn financing agreement with the Japan International Cooperation Agency (JICA) and Sumitomo Mitsui…
Sawari Ventures closes EGP 440 mn Egypt tech fund
Cairo-based VC firm Sawari Ventures has reached final close on its Egypt-focused tech fund, raising USD 28 mn (EGP 440…
Up in smoke
Egypt puts tender for tobacco license on ice: The Industrial Development Authority (IDA) has shelved a tender for a license…
Egypt’s primary surplus puts it on track to sustainable debt strategy -World Bank
Egypt’s primary surplus heading into the pandemic helped cushion the blow to its public debt, despite higher debt levels that…
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