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Infrastructure 
Algebra lands USD 15 mn from IFC for new fund
The IFC has committed USD 15 mn to Algebra’s second tech fund: The International Finance Corporation (IFC) has confirmed that…
IFC acquires 5% stake in IDH
The IFC now owns a 5% stake in consumer healthcare giant IDH: The International Finance Corporation (IFC) and its IFC…
THIS EVENING: Fawry confirms NBE’s 6% stake purchase + IFC snaps up 5% of IDH. Plus: Swvl hits the Nasdaq
Good afternoon, ladies and gentlemen — it’s finally the weekend, and while Thursdays are always cause for celebration, we can’t…
IDH to open 18 new branches in Egypt this year
IDH to open 15 Al Borg Labs, 3 Al Borg Scan branches in 2022: EGX and LSE-listed consumer healthcare giant…
Dilenytech acquired by US therapy provider, Welnes lands USD 300k seed round + IFC commits USD 5 mn to Disruptech fund
US-based therapy provider Astute Imaging has acquired Egypt-based healthtech startup DilenyTech, which provides radiology screening and diagnostic solutions powered by…
My Morning Routine: Yasmine El Hini, Country Officer and Acting Country Manager, IFC Egypt
Yasmine El Hini, country officer and acting country manager, IFC Egypt: Each week, My Morning Routine looks at how a…
Brimore secures USD 25 mn in series A funding
Social commerce startup Brimore has raised USD 25 mn in series A funding, the company announced in a statement (pdf)…
Ezdehar reaches USD 168 mn first close of EMF II fund
Ezdehar reaches USD 168 mn first close of EMF II fund: Private equity firm Ezdehar Management has reached the first…
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