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Nine local firms make FT list of Africa’s fastest-growing companies
Egyptian firms represent 9% of the application-based list.
Is ADQ about to snap up a stake in Elab?
Elab could reportedly see a stake sale before the end of May
Balad closes seven-figure USD pre-seed round led by Acasia Ventures
The round will fund Balad’s expansion including a new remittance platform and headcount increase.
Egypt Education Platform + Modon to launch new school in Alex in 2025. PLUS: News from Banque Misr, MaxAB, Kandil Steel, Qardy, NOSCO, Mastercard and Skoda
Construction on the school will start next year.
Proparco commits USD 5 mn to Disruptech. PLUS: Cairo hosts counterterror forum.
Disruptech has so far invested 40% of its capital in tech startups
Dubai tightens crypto stance
Dubai’s regulators are adopting a more stringent stance towards crypto: Dubai’s crypto regulator has issued a written reprimand to the…
Al Kharafi + Samcrete awarded EUR 60 mn in contracts for new water infrastructure in Fayoum. PLUS: Cheaper wheat, better mobile networks, O West deliveries
The companies will build a new wastewater treatment plant and sewage networks under EBRD-backed program
Capricorn Energy to pay out USD 575 mn to investors. PLUS: carbon storage, new state-owned fintech, cars for expats
Capricorn has appointed Transglobe’s former CEO, Randy Nelly, to head the company
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