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Innoventures in talks with potential LP from the GCC, iMile launches in Egypt
https://enterprise.press/wp-content/uploads/2021/01/payment-780px.jpg VC firm Innoventures is in talks with a potential limited partner based in the GCC for its EGP 200…
Hesham Gohar tapped as CI Capital CEO
CI Capital has appointed Hesham Gohar (LinkedIn) as CEO after Hazem Badran (bio) and Tarek Tantawy (LinkedIn) stepped down from…
Kemitt secures undisclosed six-figure funding from Saudi Angel investors
Egypt-based e-commerce startup Kemitt has secured an undisclosed six-figure investment in a seed funding round from Saudi Angels, it said…
Egypt “very resilient” market for MAF
Egypt, UAE and Saudi expected to lead post-covid recovery for MAF: Egypt proved to be a “very resilient” market for…
Carrefour to invest EGP 400 mn opening new locations this year
Carrefour Egypt is planning to invest EGP 400 mn to set up 20 new branches this year, backed by projections…
EFG board greenlights Arab Investment Bank acquisition
EFG Hermes and the Sovereign Fund of Egypt are getting closer to acquiring a combined 76% stake in the Arab…
What’s the green economy financing facility — and what could it mean for your business?
Enterprise Explains: What’s the Green Economy Financing Facility (GEFF) and how does it work? When it comes to greenifying businesses,…
Current account deficit widens to USD 4.8 bn in 2Q2020-2021
Egypt’s current account deficit widened to USD 4.8 bn in 2Q2020-2021, from USD 3.2 bn in the same period last…
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