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Raya Holding to anchor new VC fund
Because everybody is either a startup or a VC, right? Raya Holding has earmarked EGP 100 mn to invest in…
I love the smell of corporate paper in the morning
Hermes Securities Brokerage is set to soon resume a EGP 2 bn, two-year short-term corporate bond program it began last…
Lorax Capital acquires “significant” minority stake in Dsquares in first investment by its new fund
Lorax Capital Partners has acquired a “significant” minority stake in loyalty services provider Dsquares through its LCP Fund II, the…
Centamin is pouring resources into Sukari in search of higher-grade gold
Centamin to pour resources into Sukari in search of higher-grade gold: Egypt-focused Australian gold miner Centamin will invest USD 595…
Gov’t investment portfolio to go 100% green by 2023
Egypt is doubling down on its plans to go green, with a strategy to exclusively back green projects by 2023,…
The pandemic hasn’t been kind to our current account
The pandemic hasn’t been kind to Egypt’s current account: Egypt’s current account deficit more than tripled to USD 3.83 bn…
Also on our radar on 30 November 2020
Egypt’s drive for commodities self-sufficiency continues: A ban on white and raw sugar import will remain in place for an…
2.3 mn jobs were lost during lockdown
Some 2.3 mn jobs were lost during the lockdown in 4Q2019-2020, according to statistics in the Finance Ministry report (pdf)…
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