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Sovereign fund eyeing a piece of Atyab? Plus: The latest on the Mogamma.
Sovereign fund looking to get in on ADQ’s acquisition of Atyab? The Sovereign Fund of Egypt (SFE) is reportedly mulling…
NowPay joins US accelerator Y Combinator’s winter 2021 cycle
Egyptian fintech startup NowPay has joined US startup accelerator YCombinator’s Winter 2021 funding cycle, Digital Boom reports. The startup will…
Tamweely to provide loans through Egypt Post branches
Egypt Post has partnered with microfinance player Tamweely to disburse loans for microbusinesses through the former’s 4k branches across the…
Fintech startup Dayra raises USD 3 mn in pre-seed funding round
Egyptian fintech startup Dayra has closed a USD 3 mn pre-seed funding round that includes both equity and debt financing,…
What the markets are doing on 10 March 2021
GLOBAL M&A WATCH- It’s a record-breaking year for domestic M&A in China, with the country seeing USD 77.5 bn of…
NBE pushing into non-bank financial services
Al Ahly Capital has wrapped up its acquisition of a 75% stake in e-payments player Momken, National Bank of Egypt…
You have six more months to get in line with the E-Payments Act
Private sector companies and government bodies have an additional six months to install electronic payment terminals on-site, as mandated by…
Al Ahly Capital closing in on Momken acquisition
Al Ahly Capital is reportedly in the final stretch of acquiring a majority stake in e-payment firm Momken in a…
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