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National Investment Bank to offload entire stake in Alamal Alsharif Plastics through direct EGX listing in 2Q 2025
The National Investment Bank is reportedly looking to divest its entire 29.5% in the company
Chinese investment alliance eyes USD 1.5 bn textile freezone in Minya
Good morning, friends. While most of the global press are looking stateside as the world prepares for a second Trump…
Egypt’s current account deficit doubles to USD 5.9 bn in 1Q FY 2024-2025
The deficit was driven by a sharp increase in the trade deficit and a significant decline in Suez Canal revenues
Social Impact Capital’s acquisition of CIRA Education nears its close with 96.5% of targeted shares responding to offer
This brings the total value of the acquisition to EGP 3.4 bn
Raseedi eyes seven-figure investment in newly acquired nanocredit outfit Kashat. PLUS: Apache, Madinet Masr, Bank ABC + Eroglu Garment, Goldman Sachs
Raseedi is negotiating with a VC firm and three banks for EGP 3 bn in financing over three years
Sequence Ventures to roll out Africa-focused USD 50 mn fund in 2026
The company also expects to complete its first close on its EGP 500 mn Egypt Deep-Tech Fund by the end…
Organi Group eyes USD 1 bn in auto, tourism investments over the next five years
The big-ticket investment figure will be split evenly between the two sectors
Fractional real estate investment framework incoming?
Good morning, friends. Business news is very much taking a backseat this morning, with unbelievably welcome news that Israel's relentless…
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