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Somabay to renovate Sheraton resort + Egypt to spend another USD 2.6 bn on US arms
Sheraton Soma Bay to get a new look: Somabay has secured an EGP 143 mn loan from Ahli United Bank…
FinMin to rollout e-receipts nationwide by mid-2025
All companies will be required to implement the new e-receipt system for B2C transactions by July 2025, the Finance Ministry…
The Robots Cometh (this time for chores) + Fish and chips are under threat in the UK
Move aside, vacuum cleaners: Dyson will soon offer robots to do your chores for you. The household appliances giant is…
US interest rates could be 100 bps higher by July
Two more 50-bps Fed rate hikes coming up? That’s what the newly-released minutes(pdf) from the Federal Reserve’s May meeting suggest.…
Goodbye, Lagos
Goodbye, Lagos — it’s been phenomenal. In a few hours, we’ll be heading back on a six-hour flight to Omm…
valU to sell EGP 700 mn of securitized bonds in 2Q 2022
valU is planning to issue EGP 700 mn in securitized bonds in a single tranche in 2Q 2022 as part…
Wellness startup Esaal closes USD 3 mn seed round
Health and wellness platform Esaal has raised USD 1.7 mn from A15, the startup said in a press release (pdf).…
Day 3 in Lagos, Nigeria
DAY THREE- Lagos doesn’t cease to amaze us — and frankly, it feels like we’ve been here for three weeks,…
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