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EFG Hermes concludes advisory on Arafa Holding demerger. PLUS: GCC alliance eyes 25% stake in City Lab Egypt
The demerger saw Arafa rebrand as Concrete Fashion Group for Commercial and Industrial Investment and spin off subsidiary GTEX Holding
China’s construction behemoth eyes building a medical city near the new capital
China State Construction Engineering Corporation wants the city to house 18 specialized clinics
Two USD investments in medical startups including first by nation’s only female angel investment network
InCurA will use the funds to develop new products and finalize clinical trials for products that have already been developed
Telecom Egypt’s net income rose by 25% y-o-y in 2023. PLUS: Bolt, Danieli, Majid Al Futtaim, Fawry + PayMe, FABMisr, Al Baraka Bank
The company’s revenues were up 28% y-o-y to reach EGP 56.7 bn, which it attributed to higher data services and…
Egypt Healthcare Authority inks agreements with regional healthcare players in medical tourism push
Egypt is developing a plan to work with the private sector to turn cities across the country into centers of…
FRA approves B Investments’ acquisition of Orascom Financial. PLUS: Synergy Capital, Ras El Hekma, Egyptian Healthcare Authority, Qalaa Holdings, green hydrogen
B Investment' board in December agreed to an MTO swap ratio of one B Investments share to 56.76 OFH shares
Aman Holding and Contact Financial plan GCC expansions in 2024. PLUS: GB Capital + Golden Coast sukuk news, new gold fund, Banknbox + SWFT, PayTabs
Aman Holding will start providing installment services in Saudi Arabia in the second half of the year
Rology appoints CFO
Musyoka previously served as investment director for From Here Ventures and as CEO of Viktoria Ventures
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