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Giza Systems board nods to STC takeover
STC is taking a majority stake in Giza Systems: A subsidiary of Saudi Telecom (STC) is on course to take…
B Investments exits Giza Systems to STC subsidiary
B Investments is selling its entire 44.7% stake in engineering subsidiary GizaSystems to Saudi Telecom’s internet subsidiary, the Egyptian private…
Global dealmaking plunges + sukuk surge in 1Q 2022
Global M&A has fallen to its lowest level since 2020 as soaring inflation, the conflict in Ukraine and tighter regulations…
Robo-advisory firm Xpovi scaling up after pre-seed round + Kenya’s Churpy is eyeing Egypt
As folks who are building businesses ourselves, we have a particular fondness of startups that solve non-payments-related problems for people…
Catalyst Partners launches EGP 1 bn SME-focused fund, expects first close in April
Catalyst Private Equity has launched a EGP 1 bn impact investment fund that will target Egyptian SMEs, it announced in…
THIS EVENING: Lekela Power could invest up to USD 1 bn in Egypt in next four years + Fresh sanctions, civilian evacuations dominate Russia-Ukraine news
Happy almost-THURSDAY, wonderful people. We have a relatively quiet news cycle here at home, coupled with the mandatory developments on…
Aramco sells 49% stake in its natgas pipelines + FAB lines up USD 500 mn in sukuk
Aramco closes USD multi-bn sale of minority stake in natgas pipelines: An investor group led by BlackRock has acquired a…
Elevate PE to establish cancer treatment facility in Cairo
Elevate Private Equity (Linkedin) is investing at least EGP 500 mn to establish a dedicated cancer treatment facility in Egypt,…
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