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Paymob partners with Germany’s Holyo to allow gamers to make online purchases
Gamers can now pay online without a credit card thanks to Paymob: Online payment processor Paymob has partnered with German…
Fawry becomes first Egyptian tech company to achieve USD 1 bn market cap
STARTUP WATCH- Fawry is officially Egypt’s first unicorn: EGX-listed e-payments firm Fawry became the first Egyptian tech company to hit…
EFG’s ValU is in talks with Egyptian banks for EGP 250 mn credit facility
EFG Hermes’ e-finance platform ValU is currently in talks with several unnamed banks for a new EGP 250 mn credit…
GEMS and ValU sign tuition facilitation partnership — tuition payment in the time of covid-19
Tuition payment in the time of covid-19: School operator GEMS is expected to announce today an agreement with ValU —…
EFG Hermes appoints Mohamed Gabr to head legal team
MOVES- EFG Hermes has appointed high profile corporate lawyer Mohamed Gabr (Linkedin) as general counsel and to provide strategic advice…
Earnings Watch: Orascom Development Egypt, Rameda, Fawry, B Investments, Raya, Beltone, ADIB, Oriental Weavers, GSK
EARNINGS WATCH- Rameda Pharma reported 54% bottom line growth in 2Q2020, with net profits rising to EGP 19.9 mn from…
Egypt to trial state workers’ payments through e-wallet “Meeza”
A Finance Ministry trial will see 3k state employees collect their wages using state-owned e-wallet Meeza’s contactless cards instead of…
Egyptian fintech firm Paymob raises USD 3.5 mn investment
STARTUP WATCH- Local fintech startup Paymob has raised USD 3.5 mn in an investment round led by Global Ventures and…
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