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Swvl to sell USD 20 mn in fresh stock via private placement
Cairo-born mass transport app Swvl has agreed to sell new shares to an institutional investor, giving it an important cash…
The first half of the year was good for M&A in Egypt
Egypt has been a MENA M&A hotspot so far in 2022: Egypt recorded 65 M&A transactions worth USD 3.2 bn…
The Saudis have arrived
The Saudi sovereign wealth fund acquired minority stakes in four EGX-listed companies for USD 1.3 bn yesterday, the Planning Ministry…
No new sin tax on smokes, Egypt’s finance ministry says
The Finance Ministry has not imposed a new sin tax on cigarettes, but will begin to direct the proceeds from…
THIS MORNING: Electricity bills to rise 1 January + It’s inflation day at home and abroad
Good morning, everyone, and welcome to a very busy news day at home and abroad. THE BIG STORY HERE AT…
Meet our founder of the week: Ahmed Mahmoud, co-founder and CEO of DXwand
OUR FOUNDER OF THE WEEK- Ahmed Mahmoud, Co-founder, and CEO of DXwand (LinkedIn). My name is Ahmed Mahmoud and I…
Money is leaving private equity, venture capital at a record pace
Investors are leaving private equity and VC funds at a record pace this year, as the era of cheap money…
THIS MORNING: The Central Bank of Egypt is getting into contactless payments
Good morning, friends, and happy hump day. It’s a truly slow newsday (we are, indeed, in the dog days of…
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