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Infrastructure 
SME fund lands EGP 280 mn in commitments from local banks
Catalyst Partners has secured EGP 280 mn in commitments from local banks for an EGP 500 mn SME investment fund…
Flextock seals record pre-seed funding
An Egyptian logistics player just set a regional record for pre-seed funding: Logistics startup Flextock has closed a USD 3.25…
GIZ Egypt to set up EUR 100 mn funding program for new VC outfits
GIZ to invest up to EUR 100 mn in young VCs: GIZ Egypt has partnered with the government’s Micro, Small…
Unionaire rebrands as UGT
Unionaire Group Technology has announced its rebranding toUGT. The new entity will include Unionaire, Premium, Fine Stone and TCL, and…
Houses passes tougher FGM penalties
People will face tougher penalties for committing female genital mutilation after the House yesterday approved amendments to the penal code…
EBRD has lots in the pipeline for Egypt
Fresh investment and cooperation in Egypt’s development projects are coming from the European Bank for Reconstruction and Development (EBRD) to…
Senate opposes Thanaweya Amma 2.0, Shawky defends planned overhaul
Senate votes against proposed Thanaweya Amma overhaul in general assembly: Proposed legislative amendments that would have changed the assessment model…
Also on our Radar on 13 April 2021
Things we’re keeping an eye on this morning: Ora Developers and Telecom Egypt have signed a cooperation agreement that will…
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