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Egypt’s core inflation rises fractionally in October; CBE sells EUR 695 mn in one-year EUR-denominated treasury bills
Egypt’s annual core inflation rose marginally in October to 2.7% from 2.6% the previous month, the CBE said yesterday (pdf).…
IFC could invest USD 25 mn in Lorax Capital SME PE fund
INVESTMENT WATCH- IFC could put USD 25 mn into Lorax SME PE fund: The International Finance Corporation could provide USD…
Egypt’s Swvl plans launch in the Philippines, Indonesia and Bangladesh as expansion wave continues
STARTUP WATCH- Swvl plans launch in the Philippines, Indonesia and Bangladesh as expansion wave continues: Egyptian ride-hailing app Swvl plans…
Egypt’s Yodawy raises USD 1 mn in Algebra-led Series A funding round
STARTUP WATCH- Egypt’s Yodawy raises USD 1 mn in Algebra-led series A funding round: Yodawy, Egypt’s largest online digital pharmacy…
Eni not interested in acquiring Dana Gas Egypt portfolio
M&A WATCH- Italy’s Eni is not looking to acquire the Dana Gas’ assets in Egypt, Eni CEO Claudio Descalzi tells…
Egypt’s Ezz Dekheila Steel launches MTO for Ezz Rolling Mills
M&A WATCH- Ezz Dekheila launches MTO for Ezz Rolling Mills: Ezz Dekheila Steel presented yesterday a mandatory tender offer (MTO)…
Cleopatra’s board approves acquisition of hospitals group in unknown Arab country
M&A WATCH- Cleopatra eyes regional expansion with potential acquisition of hospital company outside Egypt: Cleopatra Hospitals Group’s (CHG) board of…
Finance Ministry eyes 6.4% growth in FY 2020-2021
BUDGET WATCH- FinMin says it’s targeting 6.4% growth, 6.2% deficit next fiscal year: The Finance Ministry is eyeing GDP growth…
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