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Raya Holding’s Aman exports Egyptian fintech expertise to Saudi with new JV
Plus: Masria Digital Payments is now Modupay
Lorax Capital Partners-led consortium acquires AfricInvest’s entire MDP stake. PLUS: Genesis opens first Egypt showroom, Fawry partners with Forsa
Lorax’s acquisition bid was backed by the EBRD, International Finance Corporation, and the French Development Agency’s Proparco
AfDB approves USD 170 mn private sector development, economic diversification loan. PLUS: Paymob, Masria Digital Payments, SideUp, Mobica, Shell, Orascom Financial Holding
The funds will have a special emphasis on green growth
Masria Digital Payments ups payment card production with new production lines. PLUS: Al Ahly CIRA, Inversion, Shalateen Mineral Resources
The new production lines will increase MDP’s annual production capacity by 20% to 36 mn payment cards
Fresh investments into Masria Digital Payments. PLUS: News from Al Ahly Sabbour and Edita
MDP is in talks with five local and international investment funds over a USD 80-100 mn investment
Egyptian startups aplenty on Forbes Middle East fintech list
More Egyptian companies made the cut than firms from any other single country
El Sisi ratifies Unified Budget Act amendments. PLUS: News from Masria Digital Payments, Cequens, El Nasr Mining
The amendments will see the budgets of all 59 of the state’s economic bodies and the state budget presented in…