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Is Vodafone Egypt back in play?
Is Saudi’s STC making another run at Vodafone Egypt? Saudi Telecom (STC) may be resurrecting its bid to acquire a…
Contact Cars acquires Sa3ar
Egyptian auto marketplace Contact Cars has acquired car e-commerce platform Sa3ar for an undisclosed sum, the company announced (pdf) yesterday.…
Fawry acquires minority stake in social commerce startup Brimore
Egyptian e-payments giant Fawry has acquired a minority stake in social commerce company Brimore for EGP 15.7 mn, Fawry said…
Pharos Energy to sell majority stakes in Egypt oil concessions
Pharos Energy has reached a farmout agreement that will see it sell majority stakes in its two Egyptian oil concessions…
Aldar, ADQ launch bid for SODIC
The UAE’s Aldar Properties and sovereign wealth fund ADQ has submitted a mandatory tender offer for up to 90% of…
EGX could open the door for SPACs
Egypt could be welcoming SPACs soon, after EGX boss Mohamed Farid suggested amendments to listing rules that would allow Egyptian…
TONIGHT: EGX seems to be interested in SPACs too + Fawry to launch a consumer finance company ALSO: Read this satire on startup culture
Good afternoon, ladies and gentlemen, to an uncharacteristically slow September news day that was pierced by new capital markets regulations.…
Egypt sees blockbuster 1H2021 for M&A
Boom time for Egypt M&A: The value of M&A transactions in Egypt more than quadrupled y-o-y during the first half…
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