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PickAlbatros Hotels secures USD 23 mn loan from Vantage Capital
Egypt-based PickAlbatrosHotels has obtained USD 23 mn worth of mezzanine loan from South African fund manager Vantage Capital, according to…
We smell a data hub
Egypt is in “promising talks” with foreign companies to invest in establishing data centers in the country, CIT Minister Amr…
Algebra to raise USD 50 mn in first close of second fund
Algebra Ventures is looking to raise USD 50 mn in 3Q2021 for the first close of its recently announced USD…
Misr Capital, Elevate launch USD 380 mn healthcare platform
Misr Capital and Elevate Private Equity have launched a USD 380 mn healthcare investment platform that’s being billed as the…
Emirati foods group Agthia has big plans for Egypt and MENA
Egypt is a priority market for UAE-based foods group Agthia, which plans to become a MENA leader by 2025 through…
Mogamma building overhaul to be completed ASAP
And speaking of the SFE, the fund is expected to reach an agreement with a private sector partner to repurpose…
Kuwait’s SWF eyes new acquisitions in Egypt’s pharma, food sectors
Kuwait’s sovereign wealth fund KIA is planning to acquire minority stakes in four to five companies in Egypt over the…
Sawari Ventures closes EGP 440 mn Egypt tech fund
Cairo-based VC firm Sawari Ventures has reached final close on its Egypt-focused tech fund, raising USD 28 mn (EGP 440…
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