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Infrastructure 
Smart device maker CardoO secures USD 660k in (pretty unique) seed funding
Homegrown smart device startup CardoO has landed USD 660k in a seed funding round led by Alexandria Angels with investment…
BTECH opens store #143, says it will do 10 more before year’s end
Our friends at BTECH, the home and consumer electronics retailer, opened store number 143 yesterday, cutting the ribbon on the…
In a market first, TCI Sanmar issues bonds to restructure 15% of its debt
TCI Sanmar issued bonds worth USD 117.7 mn in a private placement with nine foreign banks, according to a statement…
Last Night’s Talk Shows: Reports of Ahmed El Ezaby’s arrest turned out to be greatly exaggerated
The automotive sector and El Ezaby’s rumored arrest all got airtime on last night’s talk shows. The automotive strategy: Several…
Will we finally get serious about automotive assembly?
The government’s automotive committee held its first meeting yesterday headed by Prime Minister Mousatafa Madbouly, cabinet said in a statement.…
THIS MORNING: The government’s economic conference is not happening today. Or this month + Money for COP27
Good morning, everyone, and welcome to a super-busy Wednesday. Let’s jump straight in: NOT HAPPENING TODAY- The Madbouly government’s economic…
Where we stand on Egypt’s plans to localize electronics manufacturing
How Egypt is growing its local electronics manufacturing industry: The CIT Ministry has been working over the past several years…
Taiwanese A/C manufacturer, Elaraby to build USD 33 mn factory
Taiwanese manufacturer Rechi and Elaraby Group will partner to build a USD 33 mn A/C compressor factory with an eventual…
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