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Orascom Construction eyes infrastructure investments
Orascom Construction looks to be eyeing recurring revenue as CEO Osama Bishai tells Hapi Journal the company has appetite for…
UK-based fund expands reduces ownership in Edita to 22%
Kingsway Capital has sold 2.5% of its stake in Edita in an EGP 166.5 mn transaction, according to a regulatory…
What to expect from the debt market in early ‘21
Five companies are planning seven securitized bond issuances worth a combined EGP 9.3 bn in the near future, Financial Regulatory…
Egypt ranks third in November startup funding league table -Wamda
Egyptian startups raised USD 6.6 mn in venture capital funding last month, putting them in third place in MENA behind…
The Egypt-Saudi Investment Fund could finally be becoming a thing
The Egyptian and Saudi governments have drafted a final agreement to launch the long-dormant Saudi-Egypt investment fund, according to a…
Enterprise Explains: Sukuk
Enterprise Explains: Sukuk. Consumer- and structured-finance player Sarwa Capital recently closed Egypt’s second corporate sukuk issuance since the debt instrument…
You’ll be back to pre-covid profit levels by 2022, an HSBC survey says
Egyptian businesses are starting to see through the covid gloom: Almost nine in 10 (89%) Egyptian businesses forecast revenue growth…
Foreign investors flocked to EGP bonds in November
Foreign investors continued to love Egyptian bonds in November: Foreign portfolio investment in EGP-denominated bonds rose to USD 23 bn…
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