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Work on the RIZ to start by early 2022
The Suez Canal Economic Zone will begin work on the new and improved Russian Industrial Zone (RIZ) by the beginning…
Swvl to invest up to USD 300 mn globally over next three years
Mass transport startup Swvl is planning to invest USD 250-300 mn over the next three years to expand its global…
Hisense plans USD 170 mn investment + Paralympians steal the show
Diplomacy was the belle of the ball on last night’s talk shows, with everyone and their mother talking about and…
Egypt in line to join Africa Finance Corporation, potentially unlocking fresh investment
Egypt is one step closer to becoming a member of the Africa Finance Corporation (AFC) after the cabinet approved plans…
GM eyes further Egypt investments as gov’t incentives auto exports
General Motors could be looking to invest more in Egypt. That’s the key takeaway from GM MEA President and Managing…
Egypt gets almost USD 2.8 bn of IMF’s record SDR allocation
Egypt will receive a foreign currency boost equivalent to c. USD 2.8 bn through the IMF’s new SDR allocation, which…
Health management player Heka raises pre-seed funding
Cairo-based health management startup Heka has raised a seven-figure USD pre-seed funding round led by angel investor Mohamed El Khamissy,…
EKH plans five year, USD 500 mn investment drive
Egypt Kuwait Holding (EKH) plans to invest a total of USD 500 mn over the next five years. The investment…
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