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Sri Lankan NBFI acquires 100% of First Microfinance, aims to grow loan book and branch network
Sri Lankan conglomerate LOLC Group has acquired 100% of FirstMicrofinance in a transaction worth EGP 80.2 mn, First Microfinance CEO…
Samas Gamify scores USD 150k in pre-seed round
HR tech startup Samas Gamify has raised USD 150k in a pre-seed round led by Softeq Venture Studio, according to…
Misr Italia issues EGP 794 mn securitized bond + Raya eyes EGP 2 bn securitization this year
Misr Italia Properties has closed its first EGP 794 mn issuance as part of an EGP 2.5 bn securitization program,…
New green, Islamic microfinance products on the menu for 2022
The Financial Regulatory Authority (FRA) could soon issue licenses for green and Islamic microfinance products, FRA’s Deputy Chairman Islam Azzam…
Old Mutual makes a bid for Lekela as Actis plots exit
Pan-African financial services outfit Old Mutual is bidding for Actis’ 60% stake in Lekela Power through its African Infrastructure Investment…
The status of superapps in Egypt — Part 3: the investment case
The status of superapps in Egypt — Part 3: the investment case: We openedour exploration into superapps by looking at…
Egypt in the News: MNT-Halan’s expansion plans + tourism, culture and heritage
MNT-Halan gets more international ink: The Financial Times carries an interview with MNT-Halan co-founder and CEO Mounir Nakhla, where he…
e-Finance signs first agreement outside of Egypt
e-Finance steps out of Egypt: e-Cards, a subsidiary of EGX-listed fintech player e-Finance, has signed a 10-year contract with Zimbabwean…
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