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Avanz Capital backs Algebra Ventures’ Fund II
The move marks “one of the first secondary LP investments in Egypt”
Japan’s Yazaki kicks off construction of auto parts factory. PLUS: News from Ora Developers, Bosta, Taqa Volt.
AUTOMOTIVE- Yazaki breaks ground on auto parts factory: Japanese manufacturer Yazaki has broken ground on its EUR 30 mn auto…
Japanese firms talk renewables, green fuel investments with SCZone. PLUS: GAFI’s plans for silver licenses + SFE interest in EgyCOP
The Japanese delegation was joined by local and international energy companies operating in the country
Oil Min ups oil + gas investment forecast this fiscal year. PLUS: Adnoc, IFC x Banque du Caire, Avanz Capital, Orascom Investment + EgyptAir
The government now expects investment to be up to 60% higher than in the previous fiscal year
The government is extending its land-for-FX scheme for another 6 months. PLUS: Avanz Capital is planning fresh investment in Egypt
The initiative is one of many the government has introduced in response to the FX crunch
Ezdehar targets struggling mid-sized firms with new EGP 1 bn fund
The fund is in talks with investors and eyeing 5-7 local firms this year
Avanz to launch low-carbon fund in 2024. PLUS: CIB share trade under review, Exits gets IB license
Avanz Capital Management will launch an EGP 1 bn Egypt-focused fund within two months
Avanz Capital eyes SME space + National Navigation mulls a return to the EGX
More funds for Egyptian SMEs: Avanz Manara, a private equity vehicle focused on Egyptian SMEs, plans to make three new…