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Fawry completes EGP 1.2 bn follow-on share sale
Fawry completes EGP 1.2 bn follow-on share sale: Several shareholders in Egypt’s leading e-payments firm Fawry have sold a 4.3%…
Number of telecom-backed mobile wallet transactions up 175% in 1Q2021
The number of telecom-backed mobile wallets in Egypt jumped 16% y-o-y to reach 16.3 mn in the first half of…
Fawry, MM Group, ODE all report stellar earnings in 2Q2021
EARNINGS WATCH- Fawry’s net income rose 7% to EGP 51.4 mn in 2Q2021, up from EGP 47.9 mn in the…
Emerging-market currencies could see a selloff if US yield spike continues
Emerging-market currencies poised for selloff amid possible US yield spike? Developing-nation currencies may suffer losses amid a possible sharp rise…
More startup news than you can shake a stick at
Transport startup Schoolz has closed a six-figure USD pre-seed round from angel investors in Egypt and Saudi Arabia, the company…
Did hackers just pull off the largest crypto heist in history?
Crypto criminals pull off USD 600 mn heist: The decentralized finance (DeFi) platform PolyNetwork may have been hit with the…
ADQ’s Agthia may finalize Atyab acquisition this month
ADQ Holding’s Agthia could close its Atyab takeover this month: Emirati state-owned investment firm ADQ Holding’s food subsidiary Agthia is…
Egypt-based payroll platform Dopay is now Bank ABC Egypt’s banking agent
Egypt-based fintech startup Dopay will offer its digital payroll solutions to Bank ABC corporate clients after obtaining an agent banking…
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