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Elsewedy Electric unveils industrial complex in Tanzania
Elsewedy Electric inaugurates Tanzania industrial park: Elsewedy Electric opened a USD 35 mn electric cable factory in Tanzania yesterday, the…
Edita starts operations at Morocco factory
Edita Food Industries has started operations at its new production facility in Morocco, the company announced in a statement (pdf)…
US consortium gets EGP 3.5 bn Mogamma revamp contract
US-led consortium tapped for Mogamma overhaul: A consortium of US-based GlobalVentures and Oxford Capital together with the UAE’s Al Otaiba…
Filkhedma scores investment from The Cairo Angels
Home services marketplace Filkhedma raised an undisclosed amount in a fresh investment round from The Cairo Angels, Wamda reported. “This…
The UAE’s Chimera just bought a stake in Gemini. Plus: B Investments acquires take in Egyptian IVF Center
The UAE’s Chimera bought 25% of Sawiris’ Gemini Global Development in a USD 100 mn transaction? Abu Dhabi-based investment firm…
Transmashholding to provide tech support + spare parts for its railcar deliveries
Russia’s Transmashholding will provide technical support and spare parts for the 1.3k rail cars it is delivering to Egypt under…
State institutions ❤️ Planet Startup
Egypt’s biggest state-owned banks are planning to launch a new fund to invest in fintech startups before the end of…
Raseedi raises USD 850k pre-series A investment + Bexel closes USD six-figure round
Fintech startup Raseedi raised USD 850k in pre-series A funding from Africa-focused Japanese VC firm Samurai Incubate, an undisclosed European…
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