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valU closes EGP 922 mn securitized bond issuance
The single-tranche issuance has a 12-month tenor and a Prime 1 rating
Here’s what’s happening with Uber
The company has denied rumors that it closed its bank accounts in Egypt and pledged to refund the transaction fees
THIS EVENING: Valu closes sixth securitized bond issuance worth EGP 922.3 mn
Good afternoon, wonderful people, and happy Sunday. We’re kicking off this week on a relatively calm note. THE BIG STORY…
A look at the robotics + AI scene in Egypt
Robotics and AI are picking up steam in Egypt — although funding and accessibility issues are holding students back: With…
ADQ may need to make an MTO for Sidpec following its merger with Ethydco
ADQ is buying a 27% stake in Ethydco, which could translate into a controlling stake in the company formed when…
Egyptian banks could fund new logistics zones at East Port Said port. PLUS: News from Instapay, Banque Misr, the EMX, and the SCZone
The loan could go towards one of the port’s three logistics areas
Jumia Egypt appoints Abdellatif Olama as CEO
Olama has been with the company for more than a year and has previously worked at Altibbi and Aprcot
Meet our founder of the week: Omar Safar, founder of Ascent
Ascent is the first rock climbing gym in Egypt
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