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Sawari Ventures is launching its USD 200 mn Sawari Ventures Fund II
The fund will target local and African startups and fintech players
EKH wants in on the state’s privatization program. PLUS: Sawari Ventures USD 150 mn fund, Evolve gold investment fund, Fincart KSA HQ, Tamar ups production, Marakez loan
EKH also wants to set up electricity distribution stations under build-own-transfer agreements with the government
Development finance: What’s next?
DFIs remain an important source of FX, technical assistance and partnership coordination for Egyptian businesses and MSMEs
Homegrown chip designer Pearl Semiconductor secures USD 4.5 mn investment. PLUS: Acacia invests in Senegal.
Sawari Ventures, Shorooq Partners, and QBN Capital all invested in the semiconductor company
EIB could invest EUR 50 mn a year in Egypt-focused VC, PE firms
The lender is considering investing in Sawari Ventures’ next fund
Regulators just greenlit Egypt’s first ever gold investment fund. PLUS: Data center upgrade, new Sawari tech fund, oil + gas exploration.
Gold prices have surged 60% this year on ongoing economic uncertainty
Consumer lender Adva closes six-figure round
Consumer finance startup Adva closed a USD six-figure seed round funded entirely by Sawari Ventures, it said in a statement(pdf)…
E-commerce platform ExpandCart raises USD 2.7 mn in a pre-series B bridge round
Egyptian e-commerce platform ExpandCart raised USD 2.7 mn in a pre-series B bridge funding round led by East Asian accelerator…
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