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Infrastructure 
Africa50 completes 42.9% stake acquisition of Raya Data Center
The USD 15 mn investment ticket will go towards the construction on a new Tier III data center
Africa50 eyes 42.9% stake in Raya Data Center with USD 15 mn investment to fund new data center
The data center will in total cost USD 35 mn
Beltone Holding, Palm Hills Developments,Vodafone Egypt, and Raya CX report earnings
Beltone Holding recorded EGP 1.1 bn in net income during the first nine months of the year
Al Safy to invest USD 80 mn to develop its television, smartphone production lines. PLUS: Exeed, Mineral Resources Authority, Raya Holding + Helios, ICT Misr, Orange Egypt
The firm plans to expand the factory’s product range to include smartwatches, routers, advanced cameras, and speakers moving forwards
Helios is eying three more big-ticket Egyptian acquisitions
Helios could invest between USD 40-150 mn per company
Raya Foods eyes USD 20 mn factory to boost exports
The new factory will help the company boost exports
Raya Foods eyes USD 20 mn factory to boost exports
Good afternoon, folks, and a happy Monday to you all. THE BIG STORY TODAY Half of Helios’ USD 40 mn…
Raya Foods’ mystery suitor is Helios Investment Partners
Financial Advice Corporate Transactions was tapped as independent financial advisor
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