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ElGameya raises six-figure pre-seed investment
STARTUP WATCH- Egyptian fintech startup ElGameya has raised an undisclosed six-figure investment in a pre-seed round led by AUC Angels,…
EFG closes sale of 7% stake in Egypt’s Fawry for USD 50 mn
INVESTMENT WATCH- EFG closes USD 50 mn sale of c.7% stake in Fawry: EFG Hermes closed last week the sale…
Shareholders look to sell c. 7% stake in Fawry
Shareholders look to sell 7% stake in Fawry: A group of shareholders are looking to sell a combined stake of…
BdC studies license to accept POS payments
Banque du Caire may apply for a license to accept POS payments as part of its strategy to expand its…
FRA completes first draft of law to regulate fintech industry
LEGISLATION WATCH- The Financial Regulatory Authority (FRA) has finished the first draft of a law that will govern the fintech…
PE giant Actis to make new renewables acquisition this year
PE giant Actis to make new renewables acquisition this year, likes fintech, healthcare: Leading emerging-market private equity firm Actis expects…
What we’re tracking on 28 July 2020
It’s almost official, folks: The cabinet confirmed yesterday that Eid Al Adha will run from Thursday to Monday, 3 August , meaning…
What we’re tracking on 20 July 2020
Good morning, friends. We hope this holiday-shortened workweek is treating you well and that you’re looking forward to the coming…
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