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Abu Dhabi’s Chimera Investments to acquire 45% of GB Lease
Chimera to acquire 45% of GB Lease: GB Capital has agreed to sell a 45% stake in GB Lease to…
EFG Hermes’ valU sets aside USD 25 mn to expand through M&A + new products
valU to spend USD 25 mn on regional + product expansion: EFG Hermes’ buy-now-pay-later platform valU expects to invest some…
Premium Card issues EGP 201 mn in securitized bonds
Premium Card closes seventh securitized bond issuance: Consumer finance firm Premium International for Credit Services (Premium Card) has issued EGP…
valU issues EGP 854.5 mn in securitized bonds
valU closes third securitized bond issuance: EFG Hermes’ consumer finance arm valU has issued EGP 854.5 mn worth of securitized…
People are relying on BNPL as inflation soars
It’s a slow morning in the pages of the international press. Among the stories worth your time this morning: Soaring…
Cairo Angels has a new face
STARTUPS- Cairo Angels is now the Acasia Group: Local investor outfit Cairo Angels has rebranded as Acasia Group, according to…
Progress on golden licenses
CUSTOMS- New customs rules aim to clear backlogs at ports: The Customs Authority is obliging importers to submit import approvals…
Closer entrepreneurship ties between Egypt and China
TECH- New Egypt-China association to give AI + tech investments a shot in the arm: Egypt and China launched the…
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