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What we’re tracking on 14 October 2020
Good morning, wonderful people. The big news of the day: We may still face a second wave of covid-19, but…
Enterprise Explains: The VIX
Enterprise Explains: The VIX. Cast your mind back to March of this year. Global markets were spiraling the drain as…
Elsewedy Capital, Gulf Cryo partner on new air separation unit in Egypt
Elsewedy Capital, Gulf Cryo partner on new air separation unit in Egypt: Elsewedy Capital has set up a JV with…
Plus Venture Capital to invest USD 60 mn in 120 MENA tech startups with new fund
STARTUP WATCH- Plus Venture Capital looks to invest USD 60 mn in 120 MENA tech startups with new fund: Plus…
Egyptian delivery app Dreevo secures six-figure USD pre-seed investment
STARTUP WATCH- Egyptian delivery startup Dreevo has secured a six-figure USD pre-seed investment from EF Logistics, allowing it to launch…
EIB to commit USD 10 mn to Egypt- and Jordan-focused Badia VC fund
INVESTMENT WATCH- The European Investment Bank (EIB) is planning to commit USD 10 mn in equity to Egypt- and Jordan-focused…
IFC commits USD 25 mn in Lorax Capital's new SMEs private equity fund
PRIVATE EQUITY WATCH- The International Finance Corporation (IFC) has committed USD 25 mn to Lorax Capital’s SME-focused PE fund, LCP…
Sumitomo to set up EGP 1 bn factory to make and export wiring harnesses
Japanese manufacturer Sumitomo Wiring Systems is planning to set up a EGP 1 bn factory in Tenth of Ramadan City…
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