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Online platform XPay raises USD 250k in funding
STARTUP WATCH- Fintech startup XPay has raised USD 250k from two unnamed angel investors shortly after raising a still-not-disclosed sum…
Egypt’s Cabinet approves new NGOs Act to replace contentious 2017 law
CABINET WATCH- Cabinet approves new NGOs Act: The Madbouly Cabinet approved at its weekly meeting a final draft of the…
Egypt’s cabinet IDSC denies 18% tax on social media advertising
Gov’t denies 18% social media ad tax is already in place, but says it is working on a 15-20% levy:…
List of e-commerce no-nos issued as CBE orders aggregators and payment facilitators must offer guarantees to banks
REGULATION WATCH- Crypto is on the CBE’s list of online no-nos as the regulator orders aggregators and payment facilitators to…
What we’re tracking on 15 May 2019
Good morning, friends — take heart, it is nearly the weekend. Still, we have plenty of interesting news for you…
Facebook to charge 18% VAT on Egypt-based advertisers not registered for VAT
Facebook has announced that Egypt-based advertisers without a valid VAT identification number will be charged an increased 18% rate of…
Clarity and precision essential for impact investment
What, exactly, is impact investing — and how do you measure it? Impact investors, who invest for both social and…
What we’re tracking on 14 May 2019
Good morning, friends, and welcome to the slowest news morning yet of Ramadan. Business is moving at a snail’s pace…
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