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Fawry’s net income rose 150% y-o-y in 1Q 2024
The company’s top line grew 60.9% to EGP 1.1 bn during the quarter
Second USD 20 bn tranche of Ras El Hekma funds land in state coffers
The tranche consists of USD 14 bn fresh inflows and USD 6 bn in the form of a previous UAE…
Banque Misr’s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita
MDI received preliminary approval last week from the Central Bank of Egypt to launch Onebank
Egyptian farmers in Greece. PLUS: Fresh investments from Prometeon and DisrupTech and an outsourcing freezone?
Greece could extend seasonal employment contracts to Egyptian construction and tourism workers as well
Fintech startup Mnzl raises USD 3.5 mn in funding round
Mnzl provides affordable credit solutions by leveraging assets such as homes and cars
Beltone inks strategic partnership with the UAE’s Comera to develop payment, financing products. PLUS: Thames Freeport + Gorilla Technology, industry fund, Belmazad, Fawry
Comera Financial Holding runs a video call and messaging application called Comera
Swypex launches its services after raising USD 4 mn in seed funding
Swypex will use the funds to expand its staff and roll out new products, the company’s CEO told us
EFG Hermes tops the brokerage league table in April
EFG Hermes has led the table for 11 months in a row now, it also held the top spot every…
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