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Silicon Valley Bank collapse leaves dozens of local startups in the lurch
SVB clients are scrambling to find cash to meet payroll and other expenses.
THIS MORNING: The CBE is allowing you to transfer more money via InstaPay + The SVB fiasco
Daily, monthly and per-transaction limits are all increasing
Did the CBE just pave the way for Apple Pay and Samsung pay?
The central bank is trying to move Egypt towards a cashless economy
THIS EVENING: EGX looking at new temporary listings + Inflation surges in February + CBE hikes InstaPay transaction limits
Happy THURSDAY, friends. We’re wrapping up the first full workweek of March with a whole lot of big news stories…
CBE unveils terms of new subsidized lending program
The CBE has handed responsibility for subsidized loans to the FinMin under the IMF deal.
Elevate Healthcare looking to fully acquire Nile Scan & Labs
The fund is looking to deploy EGP 500 to make 4-5 acquisitions.
THIS MORNING: The CBE hasn’t moved forward its March policy meeting + Armenia’s foreign minister is in town
Good morning, ladies and gents. First things first… Yesterday’s EnterpriseAM was not a drill: We mistakenly sent out yesterday’s edition…
Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation. Plus: Smartphone assembly, mature oil fields, BdC’s e-payments arm — and plenty more
MANUFACTURING- Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation: Ezz Steel expects to record losses of EGP…
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