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Sarwa shares fall nearly 10% after Naguib Sawiris’ OIH acquires a stake
Sarwa shares fall nearly 10% after OIH stake acquisition: Sarwa Capital’s share price ended yesterday’s trading session at EGP 6.52,…
What we’re tracking on 19 December 2018
Some notes as we get underway this morning: We’re deep in the arms of the year-end news slowdown. Expect a…
Careem in talks with banks in Egypt to finance drivers’ cars
Ride-hailing app Careem is in talks with three Egyptian banks to expand financing plans for Careem drivers who want to…
Pharos to launch Egypt microfinance company
Pharos to launch a microfinance venture in 1Q2019: Our friends at Pharos Holding will expand into microfinance in 1Q2019, co-CEO…
Sawiris’ OIH to acquire 30% of Sarwa in 5 business days after EGX tender
M&A WATCH- OIH set to acquire 30% of Sarwa: Naguib Sawiris’ Orascom Investment Holding (OIH) is set to acquire 30%…
Egypt’s FRA to hear Beltone’s appeal of its suspension today
The Financial Regulatory Authority will hear today an appeal today by Beltone Financial of a six-month suspension handed to the…
SFD to finance ValU-Swvl installment plan cooperation
The Saudi Finance Fund (SFD) will finance an agreement between mass transit app Swvl and EFG Hermes’ valU that will…
valU to extend its services to more online shoppers in Egypt
EFG Hermes Finance’s valU is in talks with six e-commerce companies to extend its payment-on-instalment services to more online shoppers,…
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