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AfDB approves USD 170 mn private sector development, economic diversification loan. PLUS: Paymob, Masria Digital Payments, SideUp, Mobica, Shell, Orascom Financial Holding
The funds will have a special emphasis on green growth
Fintech startup MoneyHash raises USD 5.2 mn in pre-series A funding
Southeast Asia is MoneyHash’s next target market
DisrupTech leads USD 1.7 mn round for Egyptian-founded Hamilton
The startup bridges traditional finance with BTC
My Morning Routine: Ahmed Nassef, chief operating officer of Dopay
Our mission isn’t just something framed on a wall that we forget about — it genuinely drives everything we do
Crypto hedge funds fell short of BTC’s 120% rally in 2024
Crypto funds faced 20-30% drawdowns in spring and summer
Raseedi eyes seven-figure investment in newly acquired nanocredit outfit Kashat. PLUS: Apache, Madinet Masr, Bank ABC + Eroglu Garment, Goldman Sachs
Raseedi is negotiating with a VC firm and three banks for EGP 3 bn in financing over three years
Raseedi completes full acquisition of nanocredit outfit Kashat
The company plans to expand into Morocco within 12 months, CEO Ahmed Atalla told us
Medlog to begin infrastructure work on Tenth of Ramadan dry port project this month following final contract signing
Medlog first inked an agreement with the government to develop the new dry port in August 2023
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