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Cairo 3A closes EGP 420 mn acquisition of Egyptian Starch & Glucose
M&A WATCH- Cairo 3A closes EGP 420 mn acquisition of Egyptian Starch & Glucose after successful MTO: Cairo 3A has…
El Sisi ratifies law to expedite payments to gov’t contractors, suppliers
LEGISLATION WATCH- Suppliers and construction outfits working on government contracts will receive EGP 10 bn in arrears after President Abdel…
FRA approves Pioneers Holdings’ five-way MTO
M&A WATCH- FRA approves Pioneers Holding’s acquisition of five of its subsidiaries shares: The Financial Regulatory Authority has approved Pioneers…
Egyptian e-commerce startup Source Beauty lands pre-seed funding from 500 Startups
STARTUP WATCH- Source Beauty raises pre-seed funding from 500 Startups: Source Beauty, an Egyptian e-commerce startup focused on beauty products,…
CDC closing in on USD 100 mn investment in unnamed healthcare player
INVESTMENT WATCH- CDC closing in on USD 100 mn investment in unnamed healthcare player: The UK’s CDC Group is planning…
Egypt-based CVentures invests in UK small business accounting app Countingup
STARTUP WATCH- CIB’s venture capital arm CVentures has invested in UK-based small business banking and accounting app Countingup, according to…
Foreign reserves fall for second consecutive month in April
Foreign reserves fell in April for the second consecutive month as the central bank honored repatriation requests from foreign investors,…
Earnings Watch- OIH reports net losses of EGP 418 mn in 2019
EARNINGS WATCH- Orascom Investment Holding (OIH) reported a net loss of EGP 418 mn in 2019, compared to a net…
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