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Edita to kickoff production in Morocco within days, Egypt operation looks to expand bakery capacity in early 2022
Edita’s first production line in Morocco will be up and running within days, IR director Menna Shams El Din confirmed…
TONIGHT: Egypt is getting on the SPAC train + NBE is getting a USD 200 mn loan for infrastructure onlending + COP26 gets underway with a sobering warning
To quote Bone-Thugs-N-Harmony: “Wake up, wake up. It’s the first of the month.” And already it’s looking very busy, with…
Zilla Capital acquires two firms, eyes two more acquisitions
Investment firm Zilla Capital has acquired Naeem Holdings subsidiary Naeem Capital Investment, according to an EGX disclosure (pdf). Naeem Capital…
Microsoft is the world’s most valuable public company
Microsoft is tech’s top dog once again, reclaiming its spot as the world’s most valuable publicly-traded company after Apple took…
World Bank okays USD 360 mn loan for Egypt’s post-covid recovery
We’re getting a fresh USD 360 mn World Bank loan: The World Bank has approved a USD 360 mn facility…
Finance in music resurrects record companies + The latest from Dr Evil
Private equity firms are having a royalties ball as streaming alters music’s clashflow, making it a lucrative and attractive asset…
EBRD commits USD 25 mn to Ezdehar’s second fund
The European Bank for Reconstruction and Development (EBRD) will be a limited partner in Ezdehar’s Egypt Mid-Cap Fund II, joining…
Swvl backer VC firm Chimera Capital wraps up second closing of its maiden fund
Swvl backer Chimera Capital has exceeded its USD 50 mn target with the completion of the second close of its…
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