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Food delivery startup Mumm raises undisclosed pre-series A funding from Alex Angels
STARTUP WATCH- Food delivery startup Mumm raises undisclosed pre-series A funding from Alex Angels: Egyptian online food platform Mumm has…
Americana Egypt appoints new financial adviser to conduct valuation ahead of Adeptio MTO
M&A WATCH- Americana Egypt appoints new financial adviser to conduct valuation ahead of Adeptio MTO: The Egyptian Company for International…
Beltone Financial sells US-based brokerage Auerbach Grayson
M&A WATCH- Beltone Financial sells US subsidiary Auerbach Grayson: Beltone Financial Holding has completed the sale of its 60% stake…
CIB acquires 51% of Kenya’s Mayfair bank
M&A WATCH- CIB acquires majority stake in Kenyan bank as it continues its expansion outside Egypt: CIB has purchased a…
Breakdown in Naturgy, Eni and EGPC Damietta dispute resolution
DISPUTE WATCH- The resolution of a long-simmering dispute over a shuttered Damietta LNG plant has fallen apart despite an agreement…
Earnings Watch: Pioneers Holding, Etisalat Misr
EARNINGS WATCH- Pioneers Holding net profits increased more than 10% in 2019, rising to EGP 1.35 bn from EGP 1.23…
Egypt’s House of Representatives approves covid-19 relief package
LEGISLATION WATCH- Corporate income tax relief program gets House approval: The House of Representatives approved in its plenary session yesterday…
Technolease acquires 10% of Mohandes Insurance for EGP 104.5 mn
M&A WATCH- Technolease acquires 10% of Mohandes Insurance for EGP 104.5 mn: Bayt El Khebra for Leasing (Technolease) has acquired…
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