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Sports startup Eksab raises USD 500k from VC outfit 4DX
STARTUP WATCH- Cairo-based sports startup Eksab has raised USD 500k from Africa-focused VC firm 4DXVentures, a companystatement (pdf) said yesterday.…
Zed Sports confirms acquisition of majority stake in FC Masr
M&A WATCH- Sawiris’ sports investment company Zed Sports has acquired a majority stake in FC Masr, CEO Ahmed Diab confirmed…
The debt market is really heating up heading into 2021
DEBT WATCH- The debt market is really heating up heading into 2021: Two securitized bond offerings worth a combined EGP…
Big new rail company plans to invest USD 10 bn + tons more rail transport news from Cairo ICT
INVESTMENT WATCH- Big new rail company plans to invest USD 10 bn + tons more rail transport news from Cairo…
No vaccine arriving in Egypt until mid-2021?
We can see the beginning of the end for covid in Egypt, but it may not be until mid-2021:. That’s…
Mohamed Sheta appointed AMOC chairman
MOVES- Mohamed Moustafa Sheta has been appointed chairman and managing director of the Alexandria Mineral Oil Company (AMOC) by order…
How Edita maintained its commitment to sustainability amid covid-19
How Edita maintained its commitment to sustainability amid covid-19: Snackmaker Edita’s sustainability initiatives over the past year were largely focused…
Manufacturers could be allowed to reschedule natural gas debts
Manufacturers could be allowed to reschedule unpaid natural gas bills over a period of up to 10 years, according to…
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