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FinMin wants advisors for Alexbank stake sale -report
FinMin invited local and int’l banks to pitch for the advisory role, Reuters reports
China’s Vivo begins producing local smartphones
Four international brands are now making smartphones here
Inflation returns to acceleration in May
Food and beverage inflation rose to 60% y-o-y
Mashreq to expand digital platforms in Egypt this year. PLUS: Trouble at Alfa Market, Elsewedy eyes interconnector in Southern Africa
We discussed the lender’s growth strategy with Mashreq Egypt country head and CEO Amr El Bahey this week
New finance for Air Cairo + IFC support for microlenders
AfreximBank is lending USD 44 mn to help fund new planes for Air Cairo
Evolve-Azimut gold fund sees strong investor demand. PLUS: DHL, Maire Tecnimont x Kima,
The fund was more than 15x oversubscribed, raising EGP 153 mn
Madinet Masr announces first project outside of Cairo. PLUS: Raya CX expands in KSA, Weitz medical warehouses
The Zahw mixed-used development in Assiut will feature almost 1.3k residential units
CI Capital doubles income, revenues during 1Q 2023
Investment bank and NBFS arms all see strong revenue growth
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