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Banque Misr wants to launch its digital bank in 1Q2022
Banque Misr plans to launch Egypt’s first digital bank during 1Q2022, the bank’s Vice Chairman Akef El Maghraby told Masrawy.…
Shipping is doing its bit to force up inflation globally
A covid-induced surge in shipping costs is the latest flashpoint for inflation: With an increase in gas prices, a shortage…
E-Finance to IPO this fall
E-Finance, the state-owned fintech platform and digital payment infrastructure provider could become the second company to IPO on the EGX…
Fintech startup Dopay raises USD 18 mn in series A round
Egypt-based fintech startup Dopay has secured USD 18 mn in funding in a series A round led by UK VC…
Suez Canal Bank and AAIB submit offers for 90% of Valu’s maiden securitized bond issuance
Two banks want almost all of Valu’s securitized bond issuance: The Suez Canal Bank and the Arab African International Bank…
Aldar, ADQ launch bid for SODIC
The UAE’s Aldar Properties and sovereign wealth fund ADQ has submitted a mandatory tender offer for up to 90% of…
Valu kicks off EGP 2 bn securitization program + Fawry eyes consumer finance space
EFG Hermes’ consumer finance subsidiary Valu has kicked off its EGP 2 bnsecuritization program with a EGP 323 mn bond…
B2B e-commerce platform Capiter raises USD 33 mn for expansion in series A round
Cairo-based B2B e-commerce startup Capiter has raised USD 33 mn in a series A funding round co-led by Quona Capital…
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