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Also on our Radar on 31 March 2021
Egypt-Sudan electricity link gets a boost: Siemens Energy was awarded a contract to build two grid stabilization stations in Sudan…
Fawry net income surges 81% in 2020
Fawry’s net income increased 81% y-o-y in 2020 to reach EGP 186 mn, up from EGP 103 mn the year…
Fawry closes in on CIB + Banque Misr’s stakes in Fawry Plus
E-payment giant Fawry is on track to hold 86% of Fawry Plus Banking Services after Fawry’s board of directors signed…
Meet our analyst of the week: Sigma Capital’s AbouBakr Emam
OUR ANALYST OF THE WEEK- AbouBakr Emam, head of equity research at Sigma Capital (Linkedin). I’m AbouBakr Emam, the head…
Also on our radar on 23 February 2021
Fawry intends to double its authorized capital to EGP 1 bn, according to documents submitted to the EGX picked up…
Will the pandemic, not local macro triggers, be key to the CBE’s next rate decision?
The EGX30 rose 0.85% at today’s close on turnover of EGP 1.92 bn (26% above the 90-day average). Regional investors…
Fintech vies with healthcare as Egypt’s hottest sector
E-payments giant Fawry is looking to make up to two acquisitions this year, founder and CEO Ashraf Sabry tells Reuters…
Fawry could make MSCI, FTSE this year
Payments giant Fawry could make it onto the FTSE and MSCI emerging markets indices this year, Arqaam Capital said in…
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