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Central Bank of Egypt sets up new cash management company with banks
STARTUP WATCH- CBE, state-owned banks found cash-management company: The Central Bank of Egypt (CBE) and state-owned Banque Misr, Banque du…
Disruptech to acquire minority stake in unnamed fintech startup for USD 500k
STARTUP WATCH- Disruptech to acquire minority stake in unnamed fintech startup: Former Fawry CEO Mohamed Okasha’s USD 25 mn fintech…
Payroll management startup NowPay raises USD 2.1 mn in seed funding
STARTUP WATCH- Payroll management startup NowPay has raised USD 2.1 mn in seed funding from a group of Egyptian, US,…
EIB to commit USD 10 mn to Egypt- and Jordan-focused Badia VC fund
INVESTMENT WATCH- The European Investment Bank (EIB) is planning to commit USD 10 mn in equity to Egypt- and Jordan-focused…
Egypt’s Alexandria Petroleum is going greener with USD 250 mn EBRD loan
DEBT WATCH- Alexandria Petroleum going greener with USD 250 mn EBRD loan: The European Bank for Reconstruction and Development (EBRD)…
UFG, Egypt revive talks to reopen Damietta LNG facility
Could we finally be approaching the end of the Damietta LNG saga? Talks have resumed between Union Fenosa Gas (UFG)…
US imposes tariffs on aluminum imports from Egypt, 17 other nations
Egypt is among 18 countries facing almost USD 2 bn in combined US tariffs on aluminum sheet exports after an…
Unnamed Arab sovereign fund eyes Egypt’s Ismailia for Agricultural Investments in potential EGP 3 bn acquisition
M&A WATCH- An unnamed Arab sovereign wealth fund is looking to acquire 75-100% of Ismailia Agricultural and Industrial Investments for…
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