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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…
Mohamed El Sewedy acquires sportswear brand Magma
Mohamed El Sewedy has acquired local sportswear brand Magma for an undisclosed amount, Averroes Ventures, which worked on the transaction,…
THIS MORNING: Privatization consultations continue today + McDonalds just jacked up its prices by 50%
Well, friends, we’ve nearly made it through another (M&A-heavy) workweek together. We hope the week has been good to you…
Never mind the crypto crash — risky investment is young investors’ go-to + Mind-reading chips are here
Lottery-like investing behavior is the youths’ preferred flavor: Speculative financial products — like crypto, NFTs and meme stocks — are…
“Dire level” of pessimism among US fund managers as economic concerns rise
Funds are worried about where stocks are headed + pile into cash: Stock allocations among heavyweight investors are at the…
Bahraini fintech Arab Financial Services plans to launch in Egypt
Bahraini fintech comes to Egypt: Bahrain-based payment solutions provider ArabFinancial Services (AFS) plans to expand to Egypt, the company said…
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