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New stablecoin-powered fintech Sovra raises USD 2 mn in pre-seed funding
The platform will be rolled out in 180 countries, with a focus on MENA
MAF, Midar ink USD 3.1 bn+ Mada City partnership
The revenue-sharing project could lift its total development value beyond USD 4 bn once a planned shopping and entertainment destination…
Osool wants to add to its TMG position
The brokerage firm’s current stake in TMG is less than 5%
Egyptian corporates are expanding regionally as outward FDI jumps 30%
Three devaluations in two years accelerated existing expansion plans, but the bigger story is whether profits will be repatriated to…
NBE acquires 20% of Egyptian Alliance for Education in broader equity pivot
The state-owned commercial bank is securing direct equity stakes across high-growth private sectors
Turkish industrial developer Polaris expands into luxury residential real estate
The Turkish company is targeting up to EGP 3 bn in sales from its first two west Cairo projects without…
MNT-Halan hits USD 1.4 bn valuation following Al Ahly Capital-led funding round
The National Bank of Egypt’s investment arm is taking an undisclosed stake in the fintech unicorn, marking the first time…
Coca-Cola HBC plans USD 1.3 bn investment in Egypt through 2030
Plus: A USD 500 mn-equivalent Samurai bond issuance is in “the final steps”
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