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BRI blowback
China’s Belt and Road Initiative could be in trouble as debt crises loom in emerging markets: The ambitious overseas lending…
Nigerian auto startup plans to launch EVs in Egypt next year
This Nigerian startup is planning to launch EVs in Egypt: Metro Africa Xpress plans to debut its electric vehicles in…
THIS EVENING: Pachin BoD rejects Saybad takeover bid + Uber raises prices on higher fuel costs. Plus: Interest rate decisions from Turkey and the ECB
We’ve officially made it to the weekend, friends. As you join the exodus to Sahel (or if you managed to…
GASC in talks for new wheat buy + the Cairo hotel market rebounds in 2022
GASC is in direct talks with 14 wheat suppliers to buy an undisclosed amount of wheat, traders tell Reuters. The…
Euromoney awards for HSBC, EFG Hermes and CIB
EFG Hermes, HSBC and CIB walked away with awards from the 2022 Euromoney Awards for Excellence last week. HSBC was…
Outsourcing startup Stllr closes six-figure USD investment round
Egyptian outsourcing startup Stllr Network has closed a six-figure USD investment round from Silicon Valley VC 500 Global and angel…
Swvl losses to almost double this year
Swvl expects losses to almost double this year: Cairo-born mass transport app Swvl is expecting its losses to widen to…
FMO commits USD 10 mln to Algebra’s second tech fund
Dutch development bank FMO has pledged USD 10 mn to Algebra Ventures’ second tech fund, the bank and our friends…
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