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VC funding for Egyptian startups is drying up
VC funding for startups dipped over the summer from the steady stream that has been typical of Planet Startup in…
Kashat lands funding from US + pan-African VC
Not all doom and gloom on Planet Startup: Kashat, the region’s first provider of nano-loans, has landed funding from both…
GEM gets building award. CIB + Visa honor women entrepreneurs
The Grand Egyptian Museum received a “Green Building Award” from the Arab Water Council at the government’s Environment and Development…
Local fintech investment startup Exits raises USD 1 mn in pre-seed round
Local fintech investment platform Exits has raised USD 1 mn in a pre-seed round from its UK-based investment arm of…
CIT infrastructure players are holding up well amid a challenging economic environment, but they’re in for a tough balancing act
How is the current economic environment impacting financial infrastructure + telecom players? Last week, we looked at how construction companies’…
Aramco wants more fossil fuel investment
The ‘SPAC King’ has lost his crown: Chamath Palihapitiya, one of the key figures who fueled the 2020 SPAC mania,…
Sha7en gets license to operate EV charging stations
The Transport Ministry yesterday sent out the tender document for the Tenth of Ramadan dry port to the four qualifying…
ECC paid USD 5 mn for majority stake in Source Beauty
UPDATE- ECC reveals the price tag on its newly acquired stake in Source Beauty: Egyptian Company for Cosmetics (ECC) invested…
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