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Infrastructure 
Payroll management startup NowPay raises USD 2.1 mn in seed funding
STARTUP WATCH- Payroll management startup NowPay has raised USD 2.1 mn in seed funding from a group of Egyptian, US,…
Premium Card, Sarwa Capital to launch consumer finance company in October
Premium Card and Sarwa Capital are launching a consumer finance joint venture this month, once Premium Card gets the greenlight…
Who’s got licenses for what?
CI Capital’s consumer finance arm Souhoola has been awarded a consumer finance license by the Financial Regulatory Authority, the company…
Ebtikar receives offers for stakes in e-payments firms Bee, Masary
M&A WATCH- Foreign, local investors eye stakes in fintech players Bee, Masary: Non-banking financial services outfit Ebtikar has received “several”…
Sarwa Capital, unnamed company to issue EGP 4.5 bn of sukuk this year
DEBT WATCH- Two corporate sukuk offerings worth a combined EGP 4.5 bn are expected to go to market this year,…
GB Auto’s Drive gets FRA nod for consumer finance license
GB Auto’s car finance arm Drive has received preliminary approval from the Financial Regulatory Authority for a full consumer financing…
Orascom Financial Holding strategy to arrive by year’s end -Sawiris
Orascom Financial still working on plans for subsidiaries + investments, including potential sell-down of stake in Sarwa: Newly formed Orascom…
Ebtikar taps EFG to quarterback EGX debut
IPO WATCH- Ebtikar taps EFG to quarterback EGX debut: Ebtikar — MM Group's non-banking financial services subsidiary — has hired…
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