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B2B payment platform Settle raises USD 2 mn in pre-seed round
The funding round was led by Shorooq Partners
FRA updates M&A rules for NBFIs
The amendments aim to enhance competitiveness and streamline the approval process
State exits microfinance player Tamweely after EGP 2.8 bn buyout by int’l consortium
The acquisition comes just ahead of our fourth IMF loan program review in late September
NBFSs register solid increases across the board in 2Q 2024, FRA says
Mortgage financing registered a 206.7% y-o-y increase in loan value
GCC investors want a stake in the new capital’s Mount International School
The school is currently valued at some EGP 700 mn
GASC is still after its big wheat purchase. PLUS: News from Eroglu Holding, Kima, Concrete Plus, Easy Lease
The fresh wheat buy could cost us around USD 248 a ton
Qardy secures USD seven-figure pre-seed round
Qardy plans to boost its services in Egypt and accelerate its regional expansion with the fresh funds
Beltone Mortgage goes digital as it looks to capture a quarter of the market share by year’s end
The company providing some EGP 2.6 bn in real estate financing to over 1k clients since it kicked off operations
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