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AI + Innovation (MENA) 
Infrastructure 
THIS EVENING: Careem to invest in Elmenus + Talks between Russian and Ukrainian officials are currently underway
Good afternoon, wonderful people. We have another issue stacked with updates from Ukraine today, as well as a few pieces…
Ethiopia eyes USD bns in private investment + Volatility ahead for US gov’t-backed mortgage loans?
Ethiopia launches massive investment fund: The Ethiopian government is targeting foreign investment in at least USD 150 bn-worth of state…
Egypt launches new World Bank-backed USD 50 mn VC fund
MSMEDA partners with World Bank to launch USD 50 mn VC fund: The Micro, Small and Medium Enterprise Development Agency…
Closer trade ties with Hungary + We’ve registered our opposition to GERD with the UN Security Council (again)
A boost to Egyptian-Hungarian trade + investment relations: Egypt and Hungary will form a joint committee to encourage trade and…
Last Night’s Talk Shows: Strong domestic growth in the face of global volatility + the state IPO pipeline
Strong GDP growth dominated last night’s coverage: Planning Minister Hala El Said took to the airwaves last night to fill…
A Siemens + Desert Technologies JV will invest USD 25 mn in solar energy projects, acquisitions in Egypt
Siemens-backed JV to invest USD 25 mn in Egypt’s solar infrastructure: Capton Energy — a newly established joint venture between…
ACWA Power in advanced talks with SFE over wind farm in Gulf of Suez
ACWA Power in talks over c. 250 MW wind farm: Saudi renewables company ACWA Power is in advanced talks with…
Elevate PE to establish cancer treatment facility in Cairo
Elevate Private Equity (Linkedin) is investing at least EGP 500 mn to establish a dedicated cancer treatment facility in Egypt,…
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