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AI + Innovation (MENA) 
Infrastructure 
Reefy receives EBRD loan to support youth-led MSMEs
Reefy’s portfolio reached EGP 2.9 bn at the end of May
China’s Vivo begins producing local smartphones
Four international brands are now making smartphones here
New finance for Air Cairo + IFC support for microlenders
AfreximBank is lending USD 44 mn to help fund new planes for Air Cairo
FinMin announces temporary VAT exemption on imported machinery and equipment. PLUS: Microfirms can borrow more, new PwC center,
Ministry didn’t disclose how long the exemption will remain in place
Jinu Johnson appointed CEO of EFG Hermes’ Tanmeyah
Johnson has more than 20 years of experience in the banking sector
Nine local firms make FT list of Africa’s fastest-growing companies
Egyptian firms represent 9% of the application-based list.
With equity fundraising flowing to a crawl, are more mature startups eyeing securitized bonds?
Blnk and MNT-Halan recently raised capital by securitizing parts of their loan books.
Aman wants to launch in Saudi Arabia within 3 months. PLUS: Money GB Auto + Dara’s Ice Cream, FinMin appoints sukuk company board
Aman is working with a mystery Saudi partner to launch in the kingdom
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