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GEMS and ValU sign tuition facilitation partnership — tuition payment in the time of covid-19
Tuition payment in the time of covid-19: School operator GEMS is expected to announce today an agreement with ValU —…
Fintech
EFG Hermes appoints Mohamed Gabr to head legal team
MOVES- EFG Hermes has appointed high profile corporate lawyer Mohamed Gabr (Linkedin) as general counsel and to provide strategic advice…
Earnings Watch: Orascom Development Egypt, Rameda, Fawry, B Investments, Raya, Beltone, ADIB, Oriental Weavers, GSK
EARNINGS WATCH- Rameda Pharma reported 54% bottom line growth in 2Q2020, with net profits rising to EGP 19.9 mn from…
Egypt to trial state workers’ payments through e-wallet “Meeza”
A Finance Ministry trial will see 3k state employees collect their wages using state-owned e-wallet Meeza’s contactless cards instead of…
Egyptian fintech firm Paymob raises USD 3.5 mn investment
STARTUP WATCH- Local fintech startup Paymob has raised USD 3.5 mn in an investment round led by Global Ventures and…
ElGameya raises six-figure pre-seed investment
STARTUP WATCH- Egyptian fintech startup ElGameya has raised an undisclosed six-figure investment in a pre-seed round led by AUC Angels,…
EFG closes sale of 7% stake in Egypt’s Fawry for USD 50 mn
INVESTMENT WATCH- EFG closes USD 50 mn sale of c.7% stake in Fawry: EFG Hermes closed last week the sale…
Shareholders look to sell c. 7% stake in Fawry
Shareholders look to sell 7% stake in Fawry: A group of shareholders are looking to sell a combined stake of…
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