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More financial inclusion for pensioners + PayTabs, valU services coming to LuLu
Pensioners will soon have access to “new electronic channels” to receive and use their monthly payments under an MoU the…
EFG, SFE closing in on AIB acquisition + El Salhiya is on the block
The Sovereign Fund of Egypt and EFG Hermes look set to wrap up their acquisition of Arab Investment Bank this…
Earnings Watch: Arabia Investments Holding, Sinai Cement
The EGX30 ended today’s session flat on turnover of EGP 1.0 bn (30.8% below the 90-day average). Local investors were…
SFE makes its first investment in education with EFG fund
EFG Education Fund hits third close with SFE investment: The Sovereign Fund of Egypt (SFE) has committed EGP 250 mn…
Ebtikar now holds 80% of Bee + Rx Healthcare has a EGP 1 bn M&A pipeline
Ebtikar now holds 80% of Bee after acquiring an additional 20% stake in the company held by software services company…
EFG Hermes, Universal Group to launch new ecommerce site
EFG Hermes and Universal Group are collaborating on a new ecommerce website that will allow the home appliance company to…
Earnings Watch: EFG Hermes
The EGX30 fell 1.1% at today’s close on turnover of EGP 997 mn (32.6% below the 90-day average). Local investors…
Fintech startup Dayra raises USD 3 mn in pre-seed funding round
Egyptian fintech startup Dayra has closed a USD 3 mn pre-seed funding round that includes both equity and debt financing,…
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