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E-commerce startup Teegara raises undisclosed bridge round
E-commerce startup Teegara has successfully closed a five-figure USD bridge round led by Alexandria Angels Network, with participation from new…
New regs aim make life easier for citizens of Planet Startup
The gov’t is trying to make life easier for tech startups: New rules will sweep aside obstacles for would-be tech…
Madbouly announces plans to privatize state assets + boost private investment
Madbouly announces plans to privatize state assets + boost private investment: Prime Minister Moustafa Madbouly outlined the government’s plans to…
Here’s what local venture capital players think of the Egyptian government’s VC regs
VCs react to Egypt’s up-and-coming venture capital regulations: Last week, we spoke with four high-profile startup founders about the agreement…
Startup funding in Egypt is down month-on-month in April
Egyptian startups raised USD 37 mn in April, marking a 57% drop from March, Wamda reported Thursday. Egyptian startups raised…
First digital banking licenses to be issued in coming weeks
WATCH THIS SPACE- The CBE is getting ready to hand out its first digital banking licenses, according to bank sub-governor…
MSCI adds EFG Hermes to global standard index, e-Finance enters small-cap index
MSCI tweaks Egyptian firms included in its global indices: EFG Hermes has been added to MSCI’s standard equities index from…
Amazon invests in EFG Hermes; could swap for >4% stake in valU at current USD 235 mn valuation
Amazon snaps up EFG GDRs, with option to swap for valU shares: Amazon has agreed to purchase USD 10 mn…
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