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Nestlé ups investment, packaging manufacturer Uflex opening here
Nestlé Egypt is investing EGP 700 mn in new production lines at its Sixth of October factory between 2021 and…
THIS EVENING: Frosty visits Alexandria’s shores + IDH to acquire 50% stake in Islamabad Diagnostic Center + India’s Uflex to invest USD 30 mn in local manufacturing plant
Alexandrians experienced some snowfall today as the temperature dropped to 7°C following days of extremely cold weather. Alex isn’t out…
Saudi electronics retailer eXtra eyes EGP 1 bn expansion to Egypt
Saudi electronics retailer Extra plans to spend EGP 1 bn to launch in Egypt, marking the company’s first expansion outside…
THIS EVENING: CHG approves CI Capital’s offer price + brace yourself for bad weather tonight + ALSO: What have Egyptians been Googling in 2021?
Signs that many of you have started hibernating: A slow news day both domestically and abroad, along with the significant…
Arco inks EGP 720 mn financial leasing agreement
Real estate development firm Arco is borrowing EGP 720 mn via a financial leasing agreement with a syndicate of Gulf…
AIM Technologies closes Sequence Ventures-led seed round
AIM Technologies closes Sequence Ventures-led seed round: Cairo-based AIMTechnologies has raised an undisclosed amount during a seed round led by…
Why Elon Musk is everyone’s b’naire of the year + investment is pouring into (the wrong kind of) climate tech
Elon Musk is sweeping the Person of the Year awards: The Financial Times namedTesla’s Elon Musk its person of the…
What Capiter’s cofounder Mahmoud Nouh learned from co-founding Swvl
What Capiter’s co-founder Mahmoud Nouh learned from co-founding Swvl: B2B e-commerce marketplace Capiter recently made headlines for raising USD 33…
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