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Africa50 completes 42.9% stake acquisition of Raya Data Center
The USD 15 mn investment ticket will go towards the construction on a new Tier III data center
Africa50 eyes 42.9% stake in Raya Data Center with USD 15 mn investment to fund new data center
The data center will in total cost USD 35 mn
Axa, Wafa Assurance express interest in buying up to 100% of Delta Ins.
The companies both provided an initial valuation of Delta’s price-per-share at EGP 50 a pop
Abu Qir Fertizers’ looks to green hydrogen to help power ammonia plant. PLUS: Exxon Mobil, Instapay, Egypt Post, Abu Auf, Ezz Elarab,
The 12-month project is also expected to up production 100 tons to 1.2k tons a day
Holding Company for Roads and Bridges looks to secure USD 500 mn worth of Iraqi rail projects. PLUS: Mermec, Fawry, Amoun + Atlas, EBRD + CIB
Iraq has a plan to spend USD 100 bn on infrastructure over the next three years
Squash legend Amr Shabana acquires Mahara Sports Management
Shabana will partner with ctrl+ to advance Mahara
Tanmiya Capital Ventures to pick up 20.9% stake in local confectionary leader El Abd
The investment will go towards opening new branches and finishing a new facility
SIC submits mandatory tender offer to own up to 100% of CIRA Education
SIC has offered to purchase some 284.3 mn of CIRA’s shares at EGP 15 a piece
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