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Plenty of fintech news
Other things we’re keeping an eye on this morning: Software company Red Hat is looking to set up shop in…
valU eyes regional expansion, M&A could be in the cards here in Egypt
EFG Hermes’ consumer finance platform valU is planning to expand into Saudi Arabia and North Africa as early as next…
TONIGHT: Happy Thanksgiving, y’all. Fresh energy projects for the private sector from EMGF? Plus: valU eyes cross-border expansion.
Mabrouk, friends — we’ve made it through the workweek. We can’t believe it’s already Thanksgiving today, which means we’re starting…
Kudos: PraxiLabs gets USD 300k in funding; Egypt lands a BAFTA; and AT Lease wins MEA Finance Award
PraxiLabs gets USD 300k in funding: Our very own Khadija Mohamed Elbedweihy, founder of PraxiLabs came first in Africa’s Business…
New incentives for airlines to fly to tourist hotspots + Jumia links up with Valu
Airlines receive 50% operating fee discount at tourist hotspots: Airlines are getting 50% off on landing, accommodation, and waiting fees…
Corplease, Qasatli are hitting the debt markets again
CI Capital’s leasing arm Corplease will go ahead with a securitized bond issuance worth more than EGP 3 bn before…
Earnings Watch: EFG Hermes, Orascom Construction report 3Q2021 results
EFG Hermes’ net income dropped 16% y-o-y to EGP 356 mn in 3Q2021, according to its quarterly earning release (pdf).…
Earnings watch: Contact Financial, Beltone, MNHD, NileSat
Contact Financial’s net income rose 65% to EGP 114 mn in 3Q2021 from the same period in 2020, according to…
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