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Tays lands seven-figure pre-seed investment
Egyptian networking app Tays has raised a seven-figure pre-seed investment from multiple angel investors, the startup said in a statement…
OC, CI Capital, Crédit Agricole report 1Q2021 earnings
EARNINGS WATCH- Orascom Construction (OC) reported a bottom line of USD 23.9 mn in 1Q2021, down 4.4% y-o-y from USD…
To universal bankhood, and beyond
EFG and the SFE have inked agreements to buy a supermajority stake in AIB in a transaction worth some EGP…
We’re getting serious about conserving water as GERD’s 2nd filling looms
The government will apply tighter water-saving measures to mitigate the impact of the second filling of the Grand Ethiopian Renaissance…
EFG Hermes set to transform into universal bank as SFE proves it’s serious about public-private partnership
EFG + SFE’s acquisition of AIB gets Cabinet nod: EFG Hermes and the Sovereign Fund of Egypt’s (SFE) acquisition of…
With Egypt as a superstar, global interest in frontier market debt is on the rise
Global interest in frontier market debt is rising as investors search for higher-yielding assets, the Financial Times reports. Craig McLeod,…
Earnings Watch: EFG Hermes, IDH
EARNINGS WATCH- EFG Hermes’ net income more than tripled to EGP 292 mn in 1Q2021, up from EGP 90 mn…
Are we in for an IPO-heavy 2H2021?
The Egyptian Exchange could see as many as five more companies offer shares for sale before the year is out,…
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