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People are relying on BNPL as inflation soars
It’s a slow morning in the pages of the international press. Among the stories worth your time this morning: Soaring…
Cairo Angels has a new face
STARTUPS- Cairo Angels is now the Acasia Group: Local investor outfit Cairo Angels has rebranded as Acasia Group, according to…
Progress on golden licenses
CUSTOMS- New customs rules aim to clear backlogs at ports: The Customs Authority is obliging importers to submit import approvals…
Does PIF want more of EIPICO?
Among the other stories we’re paying attention to this morning: PHARMA- EIPICO says it hasn’t been formally told Saudi’s PIF…
The cost of Egypt’s ambitious tourism targets? USD 20 bn, according to the tourism minister
Among the other stories we’re paying attention to this morning: TOURISM- Egypt is going to need USD 20 bn if…
Consumer finance player Blnk sells EGP 202 mn in securitized bonds
BNPL lender Blnk has closed a EGP 202 mn securitized bond issuance, the first in a three-year, EGP 2 bn…
Camel Flour Mills acquires majority stake in Five Star Mills
Camel Flour acquires struggling flour producer: Al Moatabar Group’s Camel FlourMills(CFM) has acquired a majority stake in the distressed high-end…
MNT agrees to sell 21.7% stake to Chimera Investments
Chimera snaps up c.22% of MNT Investments: Netherlands-based MNT Investments — which is majority-owned by GB Auto subsidiary GB Capital…
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