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EFG Hermes signs EGP 750 mn sale + leaseback agreement with Marakez
EFG Hermes’ leasing and factoring arm has signed an EGP 750 mn sale and leaseback agreement with real estate developer…
CDs see EGP 260 bn in inflows in a week
More than a quarter of a tn EGP now invested in CDs: More than EGP 260 bn has been poured…
Edita launches a new biscuit
Edita Food Industries is expanding its biscuits segment with the launch of Oniro Mini Lava at a retail price of…
We could see a slice of the EU’s new investment plan for Africa + EBRD signs off new Egypt country strategy
EU drafts EUR 20 bn investment plan in Africa — and some of it could head our way: The European…
Elmenus closes USD 10 mn pre-series C
Our friends at homegrown food ordering platform Elmenus closed a USD 10 mn pre-series C funding round led by Fawry,…
Also on our Radar on 21 March 2021
Marakez has begun (pdf) construction of its mall in Mansoura, in which it will invest EGP 1 bn during the…
My WFH Routine: Basil Ramzy, CEO of Marakez
Basil Ramzy, CEO of Marakez: Each week, my Morning / WFH Routine looks at how a successful member of the…
Marakez opens new mall, says Black Friday footfall was about on par with ‘19
Fawaz AlHokair Group’s mall development company Marakez inaugurated Town Center, its new EGP 260 mn convenience mall on the intersection…
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