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What we’re tracking on 23 March 2020
Egypt now has 327 confirmed cases of covid-19 after 33 new cases, all Egyptians, were reported yesterday by the Health…
CBE cuts interest for three of its financing initiatives, raises ATM withdrawal cap
REGULATION WATCH- CBE cuts interest for three of its financing initiatives: The Central Bank of Egypt (CBE) has reduced the…
MENA-focused accelerator Womentum opens doors for third cycle startups
MENA-focused accelerator Womentum opens doors for third cycle startups: Womentum is now accepting applications from startups looking to join the…
Microsoft hires Mirna Aref as country manager for Egypt
MOVES- Microsoft has tapped Mirna Aref (LinkedIn) as its new country manager for Egypt, according to an emailed statement (pdf).…
Egyptian fitness startup ElCoach raises undisclosed USD six-figure seed funding
STARTUP WATCH- Egyptian Fitness startup ElCoach has raised USD six-figure seed funding from investors that include Endure Capital, 500 Startups…
Fawry, National Bank of Egypt to begin distributing 43k PoS devices to stores
The National Bank of Egypt (NBE) and e-payments platform Fawry are rolling out 43k point of sale (PoS) devices in…
El Nasr Automotive restarts talks with Dongfeng over EV manufacturing
State-owned El Nasr Automotive has restarted talks with Wuhan-based Dongfeng, the front-runner to become Egypt’s first domestic electric vehicle manufacturer,…
What we’re tracking on 17 March 2020
The Central Bank of Egypt slashed interest rates 300 bps in a surprise move yesterday evening — the same day…
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