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Balad closes seven-figure USD pre-seed round led by Acasia Ventures
The round will fund Balad’s expansion including a new remittance platform and headcount increase.
Orascom Investment Holding becomes strategic investor in light EV company BluEV
BluEV operates a network of battery-swapping stations for light electric vehicles
SFE buys 49% of El Ezaby, launches pharma logistics firm with B Investments
El Ezaby wants to double its branch count to 600
Offers for Safi + Wataniya coming this month, says cabinet
The government wants to raise USD 2 bn from asset sales by June
THIS EVENING: SFE + B Investments launch a new pharma company in partnership with El Ezaby + Khazna and Benya Group plan USD 250 mn data center
Good afternoon, ladies and gentlemen. It may just be the knowledge that it’s the first full workweek in recent memory,…
Ezz Steel looks to acquire gov’t-owned shares of Ezz Dekheila Steel
The company would acquire 14% of Ezz Dekheila from the National Investment Bank and the National Bank of Egypt
Proparco commits USD 5 mn to Disruptech. PLUS: Cairo hosts counterterror forum.
Disruptech has so far invested 40% of its capital in tech startups
An investment firm led by AIH’s chairman wants to acquire minority stakes in two AIH subsidiaries
JAF Investment is eyeing 30% stakes in UE Finance and Rawaj Consumer Finance
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