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Raya approves selling 31% stake in its transport arm
M&A WATCH- Raya approves sale of 31% stake in its transport arm: Raya Holding board of directors has agreed to…
Fintech
What we’re tracking on 10 February 2020
It’s a typically quiet Monday news day, and as we suggested yesterday, the House of Representatives dominated newsflow, discussing amendments…
The Egyptian-American Enterprise Fund’s 2019 shareholders’ letter
2019 was a “milestone” year for the Egyptian-American Enterprise Fund (EAEF), Chairman James Harmon wrote this week in his annual…
What we’re tracking on 4 February 2020
It’s data day: The purchasing managers’ indexes for Egypt, Saudi Arabia and the UAE are out today at 6:15am CLT…
Sovereign Fund of Egypt seeking investor to buy NIB’s stake in e-Finance
The Sovereign Fund of Egypt could be looking sell the National Investment Bank’s stake in e-payments platform e-Finance, according to…
Four Egyptian companies achieved major growth in the last year -PwC
Four Egyptian companies have achieved “major” growth milestones last year, according to a PwC report (pdf) looking at LSE Group’s…
FRA to draft law to regulate fintech sector -Omran
LEGISLATION WATCH- The Financial Regulatory Authority (FRA) will begin working on a draft law to regulate the fintech industry in…
CBE to launch EGP 1 bn fintech fund in 2Q2020
Egypt’s first fintech fund slated to open 2Q2020: The Central Bank of Egypt’s (CBE) EGP 1 bn fund to support…
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