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Kashier Payments raises undisclosed amount of seed funding
STARTUP WATCH- Egyptian e-payments startup Kashier Payments has raised an undisclosed amount of funding from a group of investors in…
Elves raised USD 2 mn from Sawari Ventures in latest funding round
STARTUP WATCH- AI startup Elves raised USD 2 mn from Sawari Ventures and other unnamed investors in the follow-on investment…
Imports of mobile phones have decreased 51.4% y-o-y during 1H2020, Capmas
Mobile phone imports drop by half as consumers postpone electronics purchases: The value of mobile phone imports dropped 51.4% y-o-y…
CIB, National Bank of Egypt, Banque Misr sign EGP 5 bn financing agreement for new multi-purpose terminal in Alexandria Port
DEBT WATCH- CIB, NBE, Banque Misr sign EGP 5 bn syndicated loan agreement to finance Alexandria Port multipurpose terminal: The…
Relaxed regs key to driving e-payments growth, says CIB boss
Relaxed regs are the key to driving e-payments growth, says CIB boss: The growth of digital accounts, such as mobile…
US-based oilfield service provider NESR acquires Egypt’s SAPESCO for USD 21 mn
M&A WATCH- Texas-based National Energy Services enters Egyptian market with USD 21 mn purchase of Egypt’s SAPESCO: US-based MENA and…
Egyptian Cement to inaugurate EGP 4.5 bn cement factory in Sohag amid supply glut
Egyptian Cement is planning to inaugurate a EGP 4.5 bn cement factory in Sohag next year, CEO Ahmed Abou Hashima…
EFG-managed Vortex Energy sells controlling stake in GBP 500 mn UK based solar energy portfolio
INVESTMENT WATCH- EFG-managed Vortex Energy sells controlling stake in GBP 500 mn UK solar energy portfolio: EFG Hermes-managed renewable energy…
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