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Egypt’s cabinet approves USD 200 mn SMEs loan
CABINET WATCH- Cabinet approves USD 200 mn World Bank SMEs loan: The Madbouly Cabinet approved in yesterday’s meeting the USD…
Mintrics announces USD 500k investment round earmarked for US expansion
STARTUP WATCH- Egyptian social video analytics platform Mintrics is looking to raise USD 500k in an investment round, with which…
Egypt’s Swvl partners with Ford to make minibus vehicle of choice
STARTUP WATCH- Swvl to make a Ford minibus its vehicle of choice: Mass transportation app Swvl has announced a partnership…
State Council to complete reviewing customs and SMEs acts this week
LEGISLATION WATCH- Maglis El Dawla to finalize review of draft customs and SMEs acts this week: The Council of State…
The Central Bank of Egypt wants to incentivize banks’ investments in equity for SMEs
Bank investments in SME-focused equity funds now count toward minimum small business loan requirement: The Central Bank of Egypt (CBE)…
Investment diversification may not come naturally to entrepreneurs
Entrepreneurs do a bad job at diversifying their investment portfolios: The same qualities that helped successful entrepreneurs build their businesses…
Yumamia raises USD 1.5 mn in a pre-series A round from Saudi investor
STARTUP WATCH- Cairo-based “foodtech” startup Yumamia has raised USD 1.5 mn in a pre-series A round from Saudi boutique consulting…
Startups are fuelling a ‘dark kitchen’ industry
Startups are fueling a ‘dark kitchen’ industry: Venture capitalists and startups are putting significant money and time into establishing so-called…
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