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Delemar Aluminum to invest EGP 750 mn in new factory, eyes IPO in 2023
Delemar Aluminum is investing EGP 750 mn in a new factory in Sadat City, with an eye to begin construction…
Dilenytech acquired by US therapy provider, Welnes lands USD 300k seed round + IFC commits USD 5 mn to Disruptech fund
US-based therapy provider Astute Imaging has acquired Egypt-based healthtech startup DilenyTech, which provides radiology screening and diagnostic solutions powered by…
Misr Life IPO could go ahead in October
Misr Life Ins. IPO to go ahead in October? State-owned Misr Ins. Holding (MIH) will float 25% of its life…
Swvl to invest USD 15 mn in Argentina expansion
Mass transit firm Swvl is investing USD 15 mn in Argentina over the next three years to scale the company’s…
Tax incentives announced for green + emerging investments
Gov’t announces tax breaks to boost green economy + other emerging sectors: The government has widened the number of companies…
Scatec to build green ammonia plant in Egypt + Lekela eyes green hydro, desal projects
Investment into green energy and infrastructure is starting to heat up ahead of COP27:- Norwegian renewable energy giant Scatec plans…
Misr Ins. appoints legal advisor for planned IPO
Misr Ins. Holding (MIH) has tapped Zaki Hashem & Partners as legal advisors for the process of offering its subsidiary,…
Disruptech’s final USD 25 mn close due next week + Bosta enters KSA
Fintech fund DisrupTech Ventures is expecting to reach the USD 25 mn final close of its fund next week, Managing…
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