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Better infrastructure means better food security
What infrastructure upgrades does Egypt need to address its food security challenges? With the triple threat of climate change, resource…
Fintech regs get preliminary House approval
A draft law that would regulate the fintech space received a preliminary nod from the House of Representatives during its…
valU eyes regional expansion, M&A could be in the cards here in Egypt
EFG Hermes’ consumer finance platform valU is planning to expand into Saudi Arabia and North Africa as early as next…
Are we entering the era of post-pandemic austerity?
Governments are widely scaling back massive fiscal programs that had helped push economies through covid — a trend that, contrary…
Earnings Watch: EFG Hermes, Orascom Construction report 3Q2021 results
EFG Hermes’ net income dropped 16% y-o-y to EGP 356 mn in 3Q2021, according to its quarterly earning release (pdf).…
Maait and UK chancellor talk investment
The UK will try to encourage international financial institutions and investment funds to invest in Egypt, UK Chancellor of the…
Egypt needs to fix withholding tax calculation to get Euroclearable status
A tax calculation issue could be the reason behind slow progress on Euroclearable debt: An issue in how Egypt calculates…
EFG Hermes, SFE get cabinet signoff on Arab Investment Bank acquisition
M&A WATCH- EFG Hermes and the Sovereign Fund of Egypt have received cabinet approval for their acquisition of a 76%…
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