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Market roundup on 23 June 2022
The EGX30 fell 1.8% at today’s close on turnover of EGP 386 mn (53.7% below the 90-day average). Foreign investors…
Capital markets
Capricorn Energy doesn’t want a merger + Biden eyes petrol tax holiday
A second shareholder in Capricorn Energy has come out against the proposed GBP1.4 bn merger with rival producer Tullow Oil,…
Market roundup on 22 June 2022
The EGX30 fell 0.9% at today’s close on turnover of EGP 431 mn (48.3% below the 90-day average). Local investors…
New tech could propel the wealth of Africa’s richest business owners + Saudi investors are keen for a slice of Domino’s
Africa’s rich are about to get richer, thanks to tech: As African businesses ramp up their use of technology to…
Chimera makes official offer for Beltone Financial
The Financial Regulatory Authority (FRA) has received an official offer by Chimera Investments to acquire up to 90% of Beltone…
EFG Hermes closes the first securitization for an Egyptian mortgage firm
EFG Hermes has closed an EGP 651.2 mn securitized bond issuance on behalf of mortgage provider Bedaya, it said in…
THIS MORNING: Our latest import: recession fears + Russia drama continues to roil the energy markets
It’s a packed issue today, ladies and gentlemen, as we hit the dash to the weekend. Our friends from the…
Market roundup on 21 June 2022
The EGX30 rose 0.2% at today’s close on turnover of EGP 642 mn (23.3% below the 90-day average). Foreign investors…
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