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Swvl has terminated its acquisition of UK-based Zeelo due to “market volatility”
Swvl’s acquisition of UK-based smart bus platform Zeelo is off: Cairo-born mass transport app Swvl will not be acquiring UK…
Adnoc is buying 50% of filling station chain TotalEnergies Egypt
Adnoc is entering Egypt’s fuel retail space: The distribution arm of Abu Dhabi National Oil Company (Adnoc) has agreed to…
Chimera will get at least 56% of Beltone after OFH accepts offer
Orascom Financial sells Beltone stake to Chimera: Chimera Investments will acquire at least 56% of Beltone Financial after Orascom Financial…
Infinity, AFC eye USD 4 bn to double Lekela’s capacity
Infinity + AFC plan USD 4 bn investment to double Lekela’s capacity: Our friends at renewables player Infinity Group and…
TONIGHT: OFH agrees to fully exit Beltone + EU to cut gas consumption by 15%. ALSO- FRA capital markets strategy will undergo public hearings.
It’s quite a hump day, ladies and gentlemen. We have big news on the capital market front, while Europe is…
Allianz to hold 40% stake in JV with Sanlam
Allianz will hold a 40% stake in its new joint venture with South Africa’s Sanlam, an official at Allianz told…
THIS MORNING: OFH looks to have sold its stake in Beltone; IMF + Fed to dominate global conversation today + Energy rationing in Germany?
Good morning, wonderful people. It’s hump day, and your reward is a very busy morning on the news front, as…
EIPICO waiting on UP Pharma DD clearance + Agthia hasn’t (yet?) submitted a bid to acquire Obourland
UP Pharma is still studying EIPICO’s takeover bid: Upper Egypt Pharma (UPPharma) has not yet given Egyptian International Pharma Industries…
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