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Elsewedy, Cleopatra get nods in Institutional Investor’s 2020 emerging EMEA ranking
KUDOS- Our friends at Elsewedy Electric and Cleopatra Hospitals Group were named among the “Most Honored Companies” in Institutional Investor's…
Moves: Ahmed Khalil as Raya Holding CEO, Odile Renaud-Basso as EBRD president, Ahmed El Khouly as head of Egypt Post treasury
MOVES- Raya Holding has tapped Ahmed Khalil (LinkedIn) as the group’s CEO and managing director, according to a statement (pdf).…
Central Bank of Egypt sets up new cash management company with banks
STARTUP WATCH- CBE, state-owned banks found cash-management company: The Central Bank of Egypt (CBE) and state-owned Banque Misr, Banque du…
Disruptech to acquire minority stake in unnamed fintech startup for USD 500k
STARTUP WATCH- Disruptech to acquire minority stake in unnamed fintech startup: Former Fawry CEO Mohamed Okasha’s USD 25 mn fintech…
Payroll management startup NowPay raises USD 2.1 mn in seed funding
STARTUP WATCH- Payroll management startup NowPay has raised USD 2.1 mn in seed funding from a group of Egyptian, US,…
EIB to commit USD 10 mn to Egypt- and Jordan-focused Badia VC fund
INVESTMENT WATCH- The European Investment Bank (EIB) is planning to commit USD 10 mn in equity to Egypt- and Jordan-focused…
Egypt’s Alexandria Petroleum is going greener with USD 250 mn EBRD loan
DEBT WATCH- Alexandria Petroleum going greener with USD 250 mn EBRD loan: The European Bank for Reconstruction and Development (EBRD)…
UFG, Egypt revive talks to reopen Damietta LNG facility
Could we finally be approaching the end of the Damietta LNG saga? Talks have resumed between Union Fenosa Gas (UFG)…
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