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Logistics (MENA) 
We smell a data hub
Egypt is in “promising talks” with foreign companies to invest in establishing data centers in the country, CIT Minister Amr…
Sodic mulls securitized bond sale as Aldar continues DD
Sodic is reportedly planning to go to market with an offering of securitized bonds “in the next few weeks,” Al…
SME fund lands EGP 280 mn in commitments from local banks
Catalyst Partners has secured EGP 280 mn in commitments from local banks for an EGP 500 mn SME investment fund…
Nile Scan isn’t partnering with Speed on Alex Medical bid
Nile Scan is bidding independently for a majority stake in Alexandria Medical Services and isn’t in talks to partner with…
New ridesharing app to challenge Uber’s local monopoly?
UK-based ridesharing app UVA is preparing to launch its services in Egypt next month, Al Masry Al Youm reports. The…
Elsewedy expands in South Asia
Elsewedy Electric has acquired two power transformer companies in Indonesia and Pakistan in transactions worth a combined USD 60 mn,…
Algebra to raise USD 50 mn in first close of second fund
Algebra Ventures is looking to raise USD 50 mn in 3Q2021 for the first close of its recently announced USD…
Flextock seals record pre-seed funding
An Egyptian logistics player just set a regional record for pre-seed funding: Logistics startup Flextock has closed a USD 3.25…
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