{"id":566637,"date":"2021-07-05T13:49:51","date_gmt":"2021-07-05T13:49:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=566637"},"modified":"2025-12-16T05:29:42","modified_gmt":"2025-12-16T05:29:42","slug":"enterprise-b2b-bulk-ordering-company-maxab-closes-landmark-usd-40-mn-series-a-round","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-b2b-bulk-ordering-company-maxab-closes-landmark-usd-40-mn-series-a-round\/","title":{"rendered":"Enterprise B2B bulk ordering company MaxAB closes landmark USD 40 mn series A round."},"content":{"rendered":"<section id=\"566639\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"566639\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TONIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/tonight-maxab-raises-usd-40-mn-series-a-no-one-is-budging-in-opec-meeting-today-also-pmi-tomorrow\/\">\r\n                            TONIGHT: MaxAB raises USD 40 mn series A. + No one is budging in OPEC+ meeting today. ALSO: PMI tomorrow.                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/tonight-maxab-raises-usd-40-mn-series-a-no-one-is-budging-in-opec-meeting-today-also-pmi-tomorrow\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/tonight-maxab-raises-usd-40-mn-series-a-no-one-is-budging-in-opec-meeting-today-also-pmi-tomorrow\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/tonight-maxab-raises-usd-40-mn-series-a-no-one-is-budging-in-opec-meeting-today-also-pmi-tomorrow\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=TONIGHT: MaxAB raises USD 40 mn series A. + No one is budging in OPEC+ meeting today. ALSO: PMI tomorrow.&url=https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/tonight-maxab-raises-usd-40-mn-series-a-no-one-is-budging-in-opec-meeting-today-also-pmi-tomorrow\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/tonight-maxab-raises-usd-40-mn-series-a-no-one-is-budging-in-opec-meeting-today-also-pmi-tomorrow\/&title=TONIGHT: MaxAB raises USD 40 mn series A. + No one is budging in OPEC+ meeting today. ALSO: PMI tomorrow.\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=TONIGHT%3A+MaxAB+raises+USD+40+mn+series+A.+%2B+No+one+is+budging+in+OPEC%2B+meeting+today.+ALSO%3A+PMI+tomorrow.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F07%2F05%2Ftonight-maxab-raises-usd-40-mn-series-a-no-one-is-budging-in-opec-meeting-today-also-pmi-tomorrow%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/tonight-maxab-raises-usd-40-mn-series-a-no-one-is-budging-in-opec-meeting-today-also-pmi-tomorrow\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566639\" class=\"content-area-description single-story post-566639 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-apple tag-chile tag-enterprisepm tag-facebook tag-green-hydrogen tag-russia tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Has the summer news slowdown begun?<\/strong> It may be too early to call it, but today\u2019s newsflow was drier than the ring road asphalt at noon in July.<\/p>\n<p><strong>THE BIG STORY TODAY- B2B bulk ordering e-commerce company MaxAB raised USD 40 mn in a landmark series A round led by Ahmed Badreldin\u2019s RMBV.<\/strong> A number of leading venture capital funds and international institutions have joined in on the round that brought the total funding raised by MaxAB to just north of USD 46 mn. We have more in the Speed Round below.<\/p>\n<p><strong>HAPPENING NOW- Word from the grapevine is that \u201ca major\u201d announcement from Misr Ins. Holding Company<\/strong> and the Planning Ministry will be made in the next few hours. We\u2019ll be keeping our ear to the ground with the details being covered in tomorrow\u2019s EnterpriseAM.<\/p>\n<p><strong>*** CATCH UP QUICK <\/strong>on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Gov\u2019t relaxes covid restrictions in public places: <\/strong>Hotels, restaurants, cafes, cinemas, theaters and retail stores <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e610747-1d5b-49ff-a263-f09285820df2\">are now allowed to operate at 70% capacity<\/a> instead of the current 50%.<\/li>\n<li><strong>Ever Given saga is about to end: <\/strong>The Ever Given will be released on Wednesday, 7 July after the Suez Canal Authority (SCA) and the ship\u2019s owners <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d749530d-6750-4b6a-b4da-a4934a2550ae\">reached a compensation settlement<\/a> for the six-day blockage of the canal in March.<\/li>\n<li><strong>These Alexandria bidding wars have us learning auction chants:<\/strong> Private equity outfit Compass Capital <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9df8c135-7891-457a-9189-a4571b37ed7d\">increased its offer<\/a> for 90% of Alexandria National Company for Financial Investments (ANFI), following in the footsteps of a rival bidder, Hong Kong-based Zeta Investments.<\/li>\n<\/ul>\n<p><strong>We were hoping to get some clarity by now on where things stand with Egypt and Sudan\u2019s diplomatic push in New York today.<\/strong> Foreign Minister Sameh Shoukry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/108859ab-a800-4c4a-a92c-38d84b9e2be4\">is currently<\/a> drumming up support at the UN Security Council for a resolution that will halt Ethiopia\u2019s attempt to unilaterally begin the second filling of the Grand Ethiopian Renaissance Dam prior to reaching an agreement with Egypt and Sudan. Word on the street is that the UN Security Council will hold a special hearing on the matter on Thursday, though this has yet to be officially confirmed.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>THE BIG STORY ABROAD-<\/strong> <strong>Today\u2019s OPEC+ meeting is turning into a bust as <\/strong><strong>UAE and Saudi Arabia continue their deadlock <\/strong>over an oil-output agreement. The UAE <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/108859ab-a800-4c4a-a92c-38d84b9e2be4\">went in demanding<\/a> that production quotas be removed, but has since suggested a short-term allowance for output increases \u2014 a proposition Saudi will probably refuse as well. It is now expected that the oil producing countries will agree to gradual production increases in the coming months as well as the extension of the OPEC+ accord from April to December 2022.<\/p>\n<p><strong>Why this matters: <\/strong>If the UAE doesn\u2019t get on board and no agreement is reached, the fallback is that oil output will stay the same for the rest of the year, possibly risking an inflationary oil price spike. Covering the developments are: <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-05\/opec-shows-no-sign-of-healing-rift-hours-before-talks-restart?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/opec-resumes-oil-policy-talks-amid-saudi-uae-standoff-2021-07-05\/\">Reuters<\/a> | <a href=\"https:\/\/www.cnbc.com\/2021\/07\/05\/opec-meeting-saudi-arabia-uae-in-focus-over-oil-output-policy.html\">CNBC<\/a> | <a href=\"https:\/\/economictimes.indiatimes.com\/markets\/commodities\/news\/opec-crisis-deepens-as-saudi-arabia-refuses-to-budge\/articleshow\/84130801.cms\">The Economic Times<\/a><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>FOR TOMORROW-<\/strong><\/p>\n<p><strong>It\u2019s PMI day: <\/strong>Egypt\u2019s <a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/ReleaseDates?language=en\">purchasing managers\u2019 index<\/a> for June will land tomorrow morning at 6.15am CLT. The PMI <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3cc4a91d-d7ac-41d7-8942-10de49ba3d31\">rose to 48.6 in May<\/a> from 47.7 in April, signalling that the country\u2019s non-oil private sector contracted for a sixth consecutive month but at a slower pace than earlier in the year. Fears of mounting inflation locally and globally were on the minds of businesses surveyed, and will likely continue this month.<\/p>\n<p><strong>The Clean Energy Business Council (CEBC) MENA is holding a webinar<\/strong> titled <a href=\"https:\/\/register.gotowebinar.com\/register\/6716521125423287567\">Energy<\/a><a href=\"https:\/\/register.gotowebinar.com\/register\/6716521125423287567\">Efficiency in the MENA region: Status and Outlook<\/a> tomorrow at 3:30pm.<\/p>\n<p><strong>Catch day two of The British Egyptian Business Association (BEBA) virtual education week<\/strong>. A talk on the <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_EOlyoDeQQryADcYSJ3-_5Q\">digitalization of education in Egypt<\/a> will be held at 12pm tomorrow.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The EGX will hold its board elections for the 2021-2025 term on Wednesday, 14 July,<\/strong> four days earlier than it had originally planned, the exchange said in <a href=\"https:\/\/ent.news\/2021\/7\/EGX-board-elections.jpg\">a bulletin<\/a>. We had a rundown on the candidates in this morning\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8b76f7fc-ede8-49b8-8ce0-5c4dccf91b52\">EnterpriseAM<\/a>.<\/p>\n<p><strong>The Cairo International Book Fair is currently ongoing at Egypt International Exhibition <\/strong><strong>Center today.<\/strong> The event will run through to 15 July.<\/p>\n<p>? <strong>FOR YOUR COMMUTE-<\/strong><\/p>\n<p><strong>Chile is a role model for EMs in pushing renewable energy<\/strong>, aiming to become a leading global exporter of green hydrogen, according to a <a href=\"https:\/\/www.ft.com\/content\/0c97054e-2794-44a6-bc4d-00e3fdb7d5b9\">Financial Times<\/a> opinion piece. Chile\u2019s pitch to investors is that it is setting up the necessary infrastructure while it waits for the technology to become more easily available and scalable, and thus available for distribution at a very low cost. The Pacific nation is targeting a price tag of USD 1.50 per kilo by 2030, compared to the current USD 4.30, and is wagering that new transportation methods will also be launched by then.<\/p>\n<p><strong>Egypt is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe7a15bc-d122-4bdd-9aab-2af8f4f37393\">also on board<\/a><\/strong><strong> the green hydrogen train<\/strong>, with the government launching a USD 3-4 bn initiative to produce the renewable energy and integrate it into the country\u2019s 2035 energy strategy.<\/p>\n<p><strong>Digital advertisers are shifting their spending to Android users, following Apple\u2019s recent tracking permissions change in iOS 14.5<\/strong> that asks individuals whether they agree to allow apps to track them, according to the <a href=\"https:\/\/www.wsj.com\/articles\/after-apple-tightens-tracking-rules-advertisers-shift-spending-toward-android-devices-11625477401?mod=hp_lead_pos6\">Wall Street Journal<\/a>. Less than 33% of iOS users opt in to tracking, according to ad-measurement firm Branch Metrics, which has led to a loss of the detailed user data that firms justified the high price tag with. While it is not yet clear what the impact of Apple\u2019s move is on apps that offer ads, Facebook has been a vocal opponent to the loss of iOS user tracking. Facebook, however, still suggests that the repercussions will be \u201cmanageable\u201d.<\/p>\n<p><strong>Where is Liam Neeson when you need him: <\/strong>Russia-linked hacking group REvil is demanding USD 70 mn to restore data they\u2019re holding from Kaseya, according to <a href=\"https:\/\/www.reuters.com\/technology\/hackers-demand-70-million-liberate-data-held-by-companies-hit-mass-cyberattack-2021-07-05\/\">Reuters<\/a>. The cybercriminals <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c526172c-6664-4907-9789-d327e1c06041\">hacked<\/a> the Miami-based IT firm and gained access to clients and their users, freezing 40k computers worldwide. Among those hit included schools, supermarkets, small public-sector bodies, travel and leisure organizations, credit unions and accountants. Executives from Kaseya have not yet disclosed their next course of action after finding the demand posted on the dark web.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p><strong>Netflix\u2019s newest true crime documentary: <\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81094755\">Sophie: A Murder in West Cork<\/a><\/strong><strong>.<\/strong> The three-part film was given the blessing and cooperation of Sophie Toscan du Plantier\u2019s family. Her death, which took place 25 years ago, was a gruesome scene, with people finding her body found a day later tangled in briars after her head was bludgeoned with a concrete block. The 39-year-old film producer\u2019s murder has long been the subject of media attention but has remained unsolved to date. The prime murder suspect is a British journalist named Ian Bailey, who is also interviewed in the documentary, alongside police and family members. <a href=\"https:\/\/www.theguardian.com\/tv-and-radio\/2021\/jun\/30\/sophie-a-murder-in-west-cork-review-sophie-toscan-du-plantier-netflix\">The Guardian<\/a> is out with a review and gives the doc three stars.<\/p>\n<p>\u26bd <strong>The Egyptian Premier League has two matches on today:<\/strong> Wadi Degla is going up against Misr Lel Makkasa at 5pm while Ismaily is playing Al Ittihad at 7pm.<\/p>\n<p><strong>Are you excited for the Euro semi finals?<\/strong> The first match is taking place tomorrow between Italy and Spain at 9pm and is expected to be a match for the ages. Meanwhile, England is going up against underdog Denmark at 9pm on Wednesday.<\/p>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p><strong>It\u2019s <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/1752103938310440?active_tab=about\">rock night<\/a><\/strong><strong> at The Room New Cairo<\/strong>, featuring Pink Floyd cover band Paranoid Eyes as well as music group NightShift. The performances will start at 9pm.<\/p>\n<p><strong>Go karting race <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/368055718252892\/?active_tab=about\">\u2018Rev It Up Speed Test<\/a><\/strong><strong>\u2019 is taking place at AutoVroom race track<\/strong> in Obour on Saturday from 5-11pm.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>If you\u2019re stuck at a cubicle, wondering what brought you to this point, this <\/strong><strong>book might be your (very comprehensive) answer: <\/strong><a href=\"https:\/\/www.amazon.com\/Work-Deep-History-Stone-Robots-ebook\/dp\/B08817M9SS\/ref=sr_1_1?dchild=1&keywords=Work:+A+Deep+History,+from+the+Stone+Age+to+the+Age+of+Robots&qid=1622574356&sr=8-1\">Work: A Deep History, from the Stone Age to the Age of Robots<\/a> by James Suzman looks at the grand history of work by drawing insights from anthropology, archaeology, evolutionary biology, zoology, physics, and economics. Finding joy, meaning, and purpose in work is a very modern concept, and our ancestors worked far less and saw work as more of a chore than an identity, he found. The contemporary culture of work can be traced back to the agricultural revolution and it\u2019s super interesting to see how mentalities can be altered to serve a purpose, paving the way for capitalism. The changing thoughts around work has already altered our relationships with one another, our sense of time, and our impact on the environment and there\u2019s more to come as the age of automation threatens to once again redefine what \u2018work\u2019 actually means.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Cairo is still steaming, with daytime highs of 40\u00b0C and nighttime lows of 24\u00b0C, our favorite weather app tells us. Meanwhile, Sahel is boasting highs of 33\u00b0C and lows of 22\u00b0C tomorrow.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/apple\/\">Apple<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/chile\/\">Chile<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/facebook\/\">Facebook<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> 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draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-ypfh4cb\" data-v=\"4\" data-block-id=\"ypfh4cb\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ypfh4cb-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ypfh4cb-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240936.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/cira.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27480.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Shaping the future of education in Egypt<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 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class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"566641\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">SPEED ROUND: STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/maxab-closes-landmark-funding-in-fresh-round-led-by-ahmed-badreldins-rmbv\/\">\r\n                            MaxAB closes landmark funding in fresh round led by Ahmed Badreldin\u2019s RMBV                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" 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data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"321.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/321.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/321.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566641\" class=\"content-area-description single-story post-566641 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-startup-watch tag-beco-capital tag-enterprisepm tag-entrepreneurship tag-international-finance-corporation tag-investment-watch tag-maxab tag-retail tag-rmbv tag-startup-watch tag-startups tag-supply-chain tag-venture-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a><strong> MaxAB has raised USD 40 mn in a series A round led by impact investor <\/strong><strong><a href=\"https:\/\/www.rmbv.net\/\">RMBV<\/a><\/strong><strong>, <\/strong>bringing the amount invested in the company since its <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/26\/egyptian-e-commerce-startup-maxab-raises-usd-6-2-mn-in-seed-investment\/\">record USD 6.2 mn seed round<\/a> in 2019 to just north of USD 46 mn, according to a MaxAB <a href=\"https:\/\/ent.news\/2021\/7\/MaxAB-Raises-40m-in-Series-A.pdf\">statement (pdf)<\/a>. The round saw participation from the IFC, <a href=\"https:\/\/flourishventures.com\/\">Flourish Ventures<\/a>, <a href=\"http:\/\/crystalstreamcap.cn\/en\">Crystal Stream Capital<\/a>, <a href=\"http:\/\/www.risecapital.com\/\">Rise Capital<\/a>, <a href=\"https:\/\/endeavor.org\/catalyst\/\">Endeavor Catalyst<\/a>, as well as MaxAB\u2019s original early backers <a href=\"https:\/\/becocapital.com\/\">Beco Capital<\/a> and <a href=\"https:\/\/www.4dxventures.com\/\">4DX Ventures<\/a>. Investors in the round also included <a href=\"https:\/\/www.hayaatgroup.com\/\">Hayaat Group<\/a>, a Dubai-based regional family office, Canada-based <a href=\"https:\/\/www.saronafund.com\/\">Sarona<\/a>, Africa-focused impact investor <a href=\"https:\/\/www.axian-group.com\/home\/our-clusters\/telecoms\/?lang=en\">Axian Telecom<\/a>, and individual Egyptian investors, a source close to the transaction told us, without naming the local investors.<\/p>\n<p><strong>The Cairo-based B2B food and grocery platform will use the proceeds to set up a branch in every key city in Egypt,<\/strong> with an eye to eventually set up shop in other MENA countries. It will also be able to grow its recently-launched business verticals through new supply chains and financing solutions for businesses, while also ramping up hiring and recruitment, \u201cfurther positioning Egypt as one of the primary technology hubs in the region,\u201d the statement reads<\/p>\n<p><strong>\u201c<\/strong><strong>B<\/strong><strong>eing backed by a diverse group of renowned and experienced investors will enable us to rapidly scale our operations<\/strong> <strong>across the MENA region and developing markets,\u201d<\/strong> MaxAB co-founder and CEO Belal El Megharbel said. The company has already grown more than five times y-o-y in a short period of time, since launching back in 2018, he adds. \u201cWe are delighted to be backing visionary entrepreneurs that have created a transformative business with impressive growth that is a catalyst for financial inclusion and job creation,\u201d RMBV Managing Partner Ahmed Badreldin, meanwhile said.<\/p>\n<p><strong>What does MaxAB do, exactly? <\/strong>It\u2019s a platform that connects informal food and grocery retailers with suppliers through an Android app. It aims to automate and simplify the USD 45 bn consumer goods industry in Egypt by providing retailers in underserved areas access to a variety of products, the ability to order stock online, a rapid delivery service, and access to credit. Brands that use the platform can make use of tools including real-time demand monitoring, helping them make informed decisions about their purchasing.<\/p>\n<p><strong>You can catch up on how the company\u2019s B2B bulk ordering is solving an issue of supply chain fragmentation<\/strong> that had long persisted in Egypt, in a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/42589b84-b6c2-43fa-8170-20442b79a49a\">recent feature of Hardhat<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/beco-capital\/\">Beco Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/entrepreneurship\/\">entrepreneurship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-finance-corporation\/\">International Finance Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/maxab\/\">MaxAB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/retail\/\">retail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rmbv\/\">RMBV<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supply-chain\/\">supply chain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/venture-capital\/\">venture capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"566643\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"566643\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">SPEED ROUND: COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/a-milestone-in-our-vaccine-production\/\">\r\n                            A milestone in our vaccine production                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/a-milestone-in-our-vaccine-production\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/a-milestone-in-our-vaccine-production\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/a-milestone-in-our-vaccine-production\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=A milestone in our vaccine production&url=https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/a-milestone-in-our-vaccine-production\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/a-milestone-in-our-vaccine-production\/&title=A milestone in our vaccine production\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=A+milestone+in+our+vaccine+production+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F07%2F05%2Fa-milestone-in-our-vaccine-production%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/a-milestone-in-our-vaccine-production\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/322.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"566644\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/a-milestone-in-our-vaccine-production\/322-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/322.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"322.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/322.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/322.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566643\" class=\"content-area-description single-story post-566643 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-covid-watch tag-covid-19 tag-enterprisepm tag-vaccines tag-vacsera wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Egypt produced 1 mn Made-in-Egypt Sinovac jabs<\/strong>, Prime Minister Mostafa Madbouly announced during his visit to the 600k doses per day Vacsera factory today (<a href=\"https:\/\/www.youtube.com\/watch?v=2j9i0nqRH9I\">watch, runtime 7:09<\/a>). Egypt aims to double the amount of the raw material used in the vaccine to be able to produce 80 mn jabs for the rest of the year, up from the previously <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d7539cf3-b34c-4072-9bf1-38ef22c91e82\">announced<\/a> 40 mn. The first batch of Vacsera\u2019s locally-made jabs <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d7539cf3-b34c-4072-9bf1-38ef22c91e82\">were produced last week<\/a> and are expected to be distributed to clinics next month.<\/p>\n<p><strong>Vacsera\u2019s new 6 October factory will expand to become a vaccine industrial complex: <\/strong>Vacsera is working on building a new vaccine factory in 6 October, which is set to become a hub for manufacturing vaccines \u2014 and not just for covid-19 \u2014 with a capacity that could reach 3 mn jabs per day, Madbouly said. The factory will produce eight other vaccines that are needed in Egypt, he said, without naming those vaccines.<\/p>\n<p><strong>How many have been vaccinated so far? <\/strong>Around 4.5 mn were <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e610747-1d5b-49ff-a263-f09285820df2\">reportedly<\/a> vaccinated with at least one dose since the government began its vaccination campaign. This is 7.5% of all eligible people to receive the vaccine, as <a href=\"https:\/\/www.youm7.com\/story\/2020\/11\/20\/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%84%D9%84%D8%AA%D8%B9%D8%A8%D8%A6%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9-%D9%88%D8%A7%D9%84%D8%A5%D8%AD%D8%B5%D8%A7%D8%A1-%D9%8A%D8%B9%D9%84%D9%86-%D8%B9%D8%AF%D8%AF-%D8%A7%D9%84%D8%A3%D8%B7%D9%81%D8%A7%D9%84-%D8%A3%D9%82%D9%84-%D9%85%D9%86-18\/5075240#:~:text=%D8%A3%D8%B9%D9%84%D9%86%20%D8%A7%D9%84%D8%AC%D9%87%D8%A7%D8%B2%20%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A%20%D9%84%D9%84%D8%AA%D8%B9%D8%A8%D8%A6%D8%A9%20%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9,%25%22%20%D9%88%D8%B0%D9%84%D9%83%20%D9%81%D9%8A%20%D9%8A%D9%88%D9%84%D9%8A%D9%88%202020.\">Capmas<\/a> estimates there are a little more than 60 mn Egyptians aged over 18.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vacsera\/\">Vacsera<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"566645\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"566645\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">SPEED ROUND: CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/efg-hermes-kenya-rolls-out-online-trading-platform-on-nairobi-stock-exchange\/\">\r\n                            EFG Hermes Kenya rolls out online trading platform on Nairobi Stock Exchange                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/efg-hermes-kenya-rolls-out-online-trading-platform-on-nairobi-stock-exchange\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/efg-hermes-kenya-rolls-out-online-trading-platform-on-nairobi-stock-exchange\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/efg-hermes-kenya-rolls-out-online-trading-platform-on-nairobi-stock-exchange\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=EFG Hermes Kenya rolls out online trading platform on Nairobi Stock Exchange&url=https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/efg-hermes-kenya-rolls-out-online-trading-platform-on-nairobi-stock-exchange\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/efg-hermes-kenya-rolls-out-online-trading-platform-on-nairobi-stock-exchange\/&title=EFG Hermes Kenya rolls out online trading platform on Nairobi Stock Exchange\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=EFG+Hermes+Kenya+rolls+out+online+trading+platform+on+Nairobi+Stock+Exchange+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F07%2F05%2Fefg-hermes-kenya-rolls-out-online-trading-platform-on-nairobi-stock-exchange%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/efg-hermes-kenya-rolls-out-online-trading-platform-on-nairobi-stock-exchange\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/324.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"566646\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/efg-hermes-kenya-rolls-out-online-trading-platform-on-nairobi-stock-exchange\/324-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/324.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"324.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/324.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/324.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566645\" class=\"content-area-description single-story post-566645 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-capital-markets tag-africa tag-capital-markets tag-efg-hermes tag-enterprisepm tag-equities tag-kenya wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>EFG Hermes Kenya has launched today its online trading platform <\/strong><strong><a href=\"https:\/\/www.efghermesone.com\/\">EFG Hermes One<\/a><\/strong><strong> on <\/strong><strong>the Nairobi Securities Exchange (NSE),<\/strong> the leading frontier and emerging markets investment bank <a href=\"https:\/\/ent.news\/2021\/7\/EFG-Hermes-One-Launch-in-Kenya-Press-Release-EN.docx.pdf\">said today (pdf)<\/a><sup><\/sup>. The platform allows NSE retail investors to track stock prices in real time, place, track, review, edit, and cancel orders, and build customized watch lists. The platform also features portfolio management tools, portfolio reports that display information on orders history and dividend payments.<\/p>\n<p><strong>The platform aims to \u201ccapitalize on Kenya\u2019s high mobile phone penetration rate <\/strong>by leveraging digital channels,\u201d EFG said. For mobile phone and tablet users, the platform will be accessible through a \u201cuser-friendly and easy-to-navigate\u201d app that can be downloaded both on Apples\u2019 <a href=\"https:\/\/apps.apple.com\/eg\/app\/efg-hermes-one\/id1321817937\">App Store<\/a> and <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.Hermes.onexapp&hl=en&gl=US\">Google Play<\/a>, it added. \u201cWith capital market trends demonstrating ever-increasing interest from retail investors across the world, we aim to increase access and awareness to capital markets to foster better equity trading across sub-Saharan Africa, said Ali Khalpey, CEO of EFG Hermes Frontier. \u201cWe hope to replicate the success we have witnessed<\/p>\n<p>with the EFG Hermes One application across other markets,\u201d Khalpey added.<\/p>\n<p><strong>Background: <\/strong>EFG obtained a brokerage license in Kenya <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/24\/efg-hermes-gets-brokerage-license-in-kenya\/\">back in 2017<\/a>, as part of its expansion in frontier markets, and has since become <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/10f1d4a9-fce0-4923-99f8-d002936053a0\">the top-ranked broker<\/a> in the East African country.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kenya\/\">Kenya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"566647\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"566647\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/foreign-investors-are-net-buyers-for-second-trading-session-in-a-row\/\">\r\n                            Foreign investors are net buyers for second trading session in a row                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/foreign-investors-are-net-buyers-for-second-trading-session-in-a-row\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/foreign-investors-are-net-buyers-for-second-trading-session-in-a-row\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/foreign-investors-are-net-buyers-for-second-trading-session-in-a-row\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Foreign investors are net buyers for second trading session in a row&url=https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/foreign-investors-are-net-buyers-for-second-trading-session-in-a-row\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/foreign-investors-are-net-buyers-for-second-trading-session-in-a-row\/&title=Foreign investors are net buyers for second trading session in a row\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Foreign+investors+are+net+buyers+for+second+trading+session+in+a+row+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F07%2F05%2Fforeign-investors-are-net-buyers-for-second-trading-session-in-a-row%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/foreign-investors-are-net-buyers-for-second-trading-session-in-a-row\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566647\" class=\"content-area-description single-story post-566647 post type-post status-publish format-standard hentry category-go-with-the-flow tag-egx tag-enterprisepm tag-go-with-the-flow tag-market-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The EGX30 rose less than 0.1% at today\u2019s close<\/strong> on turnover of EGP 1.31 bn (5.7% above the 90-day average). Foreign investors were net buyers. The index is down 4.6% YTD.<\/p>\n<p><strong>In the green: <\/strong>GB Auto (+2.3%), AMOC (+1.9%) and Palm Hills Development (+1.5%).<\/p>\n<p><strong>In the red: <\/strong>Orascom Development Egypt (-2.3%), Cleopatra Hospital (-2.0%) and ElSewedy Electric (-1.6%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/market-watch\/\">Market Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"566648\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"566649\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"566649\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/mena-is-getting-a-taste-for-green-debt-issuance\/\">\r\n                            MENA is getting a taste for green debt issuance                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/mena-is-getting-a-taste-for-green-debt-issuance\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Some USD 6.4 bn of ESG bonds have been issued so far this year, compared to USD 4.7 bn in the same period last year, according to Bloomberg\u2019s Capital Markets League Tables.<\/p>\n<p><strong>Who contributed to the growth?<\/strong> A <a href=\"https:\/\/www.theredsea.sa\/en\/media-center\/news\/trsdc-secures-over-sar14-bn-loan-and-first-ever-riyal-denominated-green-finance-credit-facility\">USD 3.8 bn loa<\/a><a href=\"https:\/\/www.theredsea.sa\/en\/media-center\/news\/trsdc-secures-over-sar14-bn-loan-and-first-ever-riyal-denominated-green-finance-credit-facility\">n facility<\/a> taken on by Saudi Arabia\u2019s <a href=\"https:\/\/www.theredsea.sa\/en\/project\">Red Sea Development<\/a> contributed to the majority of this jump. The finance will help fund Red Sea Development\u2019s luxury tourism project, and received green financing accreditation due to the company\u2019s ESG principles.<\/p>\n<p><strong>Egypt led the way regionally in sovereign green bond issuances: <\/strong>The country had the region\u2019s maiden sovereign green bond issuance, listing <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e508887d-5561-49ea-a75a-1afba7b99274\">USD 750 mn in sovereign green bonds<\/a> last September on the LSE. The issuance was well-received by the market as it was 5x oversubscribed and lured some USD 3.7 bn worth of orders. A <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7c062674-f53c-4868-b5ab-3a5cb71cc371\">second issuance<\/a> is in the pipeline during the FY2021-2022, Finance Minister Mohamed Maait said last month, yet noted that the offering was not yet settled.<\/p>\n<p><strong>Corporate green bonds saw their debut here last week:<\/strong> CIB is going ahead with the country\u2019s first-ever corporate green bond sale, issuing <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc62c317-f2f7-4543-88a3-fa75725b6c0a\">USD 100 mn<\/a> of the climate-linked securities, all of which is being snapped up by the International Finance Corporation.<\/p>\n<p><strong>Gulf lenders joining the fold<\/strong>: First Abu Dhabi Bank (FAB) <a href=\"https:\/\/www.bankfab.com\/en-ae\/about-fab\/group\/in-the-media\/20210128-fab-prices-first-green-bond-deal\">issued<\/a> the region\u2019s first CHF-denominated green bonds in January, raising CHF 260 mn Swiss (or USD 292.1 mn), before issuing bonds worth CNY 150 mn in June in what was the first yuan-denominated green bond sale in MENA. In March, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-30\/dubai-s-top-bank-is-said-to-raise-gulf-s-first-sustainable-loan?sref=mmeFTDW1\">Emirates NBD<\/a> was responsible for the region\u2019s first sustainability-linked loan to refinance existing debt, borrowing USD 1.75 bn.<sup><\/sup><\/p>\n<p><strong>Putting this all in perspective:<\/strong> The MENA region still accounts for only a fraction of global green debt issuance, which stood at USD 541 bn during the first six months of the year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cib\/\">CIB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"566651\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"566651\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">HEALTH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/higher-infertility-rates-in-mena-are-driving-demand-for-ivf-treatments\/\">\r\n                            Higher infertility rates in MENA are driving demand for IVF treatments                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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treatments\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Higher+infertility+rates+in+MENA+are+driving+demand+for+IVF+treatments+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F07%2F05%2Fhigher-infertility-rates-in-mena-are-driving-demand-for-ivf-treatments%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/higher-infertility-rates-in-mena-are-driving-demand-for-ivf-treatments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/326.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"566652\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/higher-infertility-rates-in-mena-are-driving-demand-for-ivf-treatments\/326-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/326.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"326.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/326.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/326.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566651\" class=\"content-area-description single-story post-566651 post type-post status-publish format-standard has-post-thumbnail hentry category-health tag-colliers-international tag-enterprisepm tag-health tag-ma-watch tag-middle-east wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Demand for infertility treatments such as in-vitro fertilization (IVF) is increasing in the MENA<\/strong><strong> region amid higher infertility rates<\/strong>, according to a <a href=\"https:\/\/www.colliers.com\/en-ae\/research\/dubai\/ivf-in-the-mena-region\">report by Colliers (paywall)<\/a>.<\/p>\n<p><strong>The region suffers from an above-average infertility rate:<\/strong> The infertility rate in the MENA region is around 15%, significantly higher than the 10% global average, according to research and interviews conducted by the company.<\/p>\n<p><strong>This could be a conservative estimate:<\/strong> <a href=\"https:\/\/www.ljmsonline.com\/article.asp?issn=2588-9044;year=2018;volume=2;issue=2;spage=37;epage=44;aulast=Eldib\">Previous research<\/a> has suggested that the region\u2019s infertility rate could be as high as 22.6%.<\/p>\n<p><strong>And fertility rates are dropping, too:<\/strong> Despite the regional population quintupling in size over the past 70 years, the fertility rate has fallen from an average seven children per woman to less than three.<\/p>\n<p><strong>This isn\u2019t all down to infertility, of course:<\/strong> Rising literacy levels, the increasing use of contraception, and the growing number of women in the workplace have all contributed to the falling fertility rate seen over recent decades.<\/p>\n<p><strong>Why does the MENA region have a higher infertility rate?<\/strong> Although data from the region is scarce, it has been suggested by medical researchers that low- and middle-income countries in the region can lower the incidence of infertility by preventing diseases such as TB, injuries sustained during childbirth, and so-called \u201ciatrogenic infertility\u201d which is caused inadvertently by other medical treatments.<\/p>\n<p><strong>IVF: A former taboo that is growing in popularity in the Middle East.<\/strong> Attitudes towards IVF are changing in the Middle East, and it is slowly becoming more culturally-accepted, especially among men. The region is witnessing the evolution of homegrown brands that offer high quality and high success results, which means that the lack of international brands is not posing an obstacle to the sector\u2019s growth. The ease of entry to many Middle East countries including the UAE and soon KSA also positively impacts the sector.<\/p>\n<p><strong>Egypt a regional hotspot for IVF:<\/strong> Of the three MENA countries examined by Colliers, the Egyptian IVF market is the largest, valued at USD 490 mn. The Egyptian healthcare system is growing both \u201cquantitatively and qualitatively\u201d to meet demand, and is benefiting from high-quality medical staff and lower visa restrictions, the report says.<\/p>\n<p><strong>It\u2019s less costly per treatment cycle here:<\/strong> The cost of IVF is lower in Egypt, costing between USD 2k-5k per treatment cycle compared to USD 7k-10k in Saudi Arabia and USD 10k-15k in the UAE.<\/p>\n<p><strong>But demand is far higher:<\/strong> The number of cycles in Egypt is expected to rise almost 30% this decade, hitting almost 206k by 2030. This is far higher than the UAE, which will grow marginally to 17.7k in 2030, and Saudi Arabia which will hit 82.2k at the end of the decade.<\/p>\n<p><strong>How does all this compare to the global market?<\/strong> The combined value of the Egyptian, UAE and Saudi Arabian IVF markets is USD 1.1 bn, giving the three countries a 7.4% share of the global market.<\/p>\n<p><strong>IVF is also a ripe market for M&A: <\/strong>Despite growing investments, the IVF market remains relatively \u201cfragmented\u201d for being served mostly by individual clinics and hospital units, offering openings for mergers and acquisitions, the report says. The Egyptian IVF market saw its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/31d9479c-6da0-4c9c-9212-833fc6ba94b4\">first major consolidation<\/a> last year after Cleopatra Hospital Group signed a business transfer agreement in December that gives it an effective 60% stake in IVF specialist <a href=\"http:\/\/www.bedayahospitals.com\/ar\/\">Bedaya Hospital<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/colliers-international\/\">Colliers International<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/middle-east\/\">Middle East<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"566653\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/your-essential-business-calendar-on-5-july-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566653\" class=\"content-area-description single-story post-566653 post type-post status-publish format-standard hentry category-calendar tag-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>1-10 July (Thursday-Saturday): The government\u2019s fuel pricing committee <a href=\"https:\/\/bit.ly\/3wQkCz2\">will meet to announce<\/a> 3Q prices.<\/p>\n<p>8 July (Thursday): The UN Security Council will <a href=\"https:\/\/www.alsudaninews.com\/ar\/?p=129431\">meet<\/a> to discuss the GERD crisis with Egypt, Sudan and Ethiopia.<\/p>\n<p>11 July (Sunday): Ismailia Economic Court will hold a hearing on Ever Given compensation case.<\/p>\n<p>14 July (Wednesday): The EGX will hold <a href=\"https:\/\/ent.news\/2021\/7\/EGX-board-elections.jpg\">board elections<\/a> for the 2021-2025 term.<sup><\/sup><\/p>\n<p>Mid-July: <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=20062021&id=8bcd83a3-21d4-44b1-940d-ddcc78544942\">Legislative session expected to end<\/a>.<\/p>\n<p>19 July (Monday): Arafat Day (national holiday).<\/p>\n<p>21 July (Wednesday): Clean Energy Business Council\u2019s webinar <a href=\"https:\/\/www.eventbrite.ca\/e\/joint-event-wire-clean-energy-business-council-mena-tickets-157709897549\">Women entrepreneurs in clean energy<\/a> (3pm)<\/p>\n<p>20-23 July (Tuesday-Friday): Eid Al Adha (national holiday).<\/p>\n<p>23 July (Friday): Revolution Day (national holiday).<\/p>\n<p>23 July-11 August (Friday-Wednesday): Tokyo 2020 Olympics.<\/p>\n<p>2-4 August (Monday-Wednesday): Egypt is hosting the <a href=\"https:\/\/www.africa-foodmanufacturing.com\/en\/Home.html\">Africa Food Manufacturing<\/a> exhibition at the Egypt International Exhibition Center.<\/p>\n<p>5 August (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>9 August (Monday): Islamic New Year.<\/p>\n<p>12 August (Thursday): National holiday in observance of the Islamic New Year.<\/p>\n<p>3-5 September (Friday-Sunday): The World Karate Federation will hold <a href=\"https:\/\/www.wkf.net\/news-center-new\/cairo-replaces-tashkent-as-host-of-2021-karate-1-premier-league\/1606\">the third competition<\/a> of the 2021 Karate 1-Premier League in Cairo.<\/p>\n<p>12-15 September (Sunday-Wednesday): Sahara Expo: the 33rd International Agricultural Exhibition for Africa and the Middle East.<\/p>\n<p>15 September (Wednesday): The <a href=\"https:\/\/bit.ly\/3dp0wnB\">CFO Leadership & Strategy Summit<\/a> is taking place in Egypt.<\/p>\n<p>16 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 September-2 October (Thursday-Saturday): Egypt Projects 2021 expo, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>30 September-8 October (Thursday-Friday): The Cairo International Fair, Cairo International Conference Center, Cairo, Egypt.<\/p>\n<p>30 September: Closing of 2021\u2019s first oil and gas <a href=\"https:\/\/eug.petroleum.gov.eg\/dp\/pages\/common\/BidroundHighlights.jsp\">tender<\/a> in the Gulf of Suez, Western Desert, and the Mediterranean.<\/p>\n<p>1 October (Friday): Businesses importing goods at seaports will need to file shipping documents and cargo data digitally to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bf7988d-19f6-45a6-ada1-65d7c23ec723\">the Advance Cargo Information (ACI) system<\/a>.<\/p>\n<p>1 October (Friday): Expo 2020 Dubai opens.<\/p>\n<p>6 October (Wednesday): Armed Forces Day.<\/p>\n<p>7 October (Thursday): National holiday in observance of Armed Forces Day.<\/p>\n<p>12-14 October (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>18 October (Monday): Prophet\u2019s Birthday.<\/p>\n<p>21 October (Thursday): National holiday in observance of the Prophet\u2019s Birthday.<\/p>\n<p>24-28 October (Sunday-Thursday) <a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week<\/a>, Cairo, Egypt.<\/p>\n<p>27-28 October (Wednesday-Thursday) <a href=\"https:\/\/platforms-root-technologies.com\/icec-2021\/\">Intelligent Cities Exhibition & Conference<\/a>, Royal Maxim Palace Kempinski, Cairo, Egypt.<\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 October - 4 November (Saturday-Thursday): The first edition of <a href=\"https:\/\/globalswimseries.com\/ryan-lochte-announces-first-race-the-legends-event-in-egypt\/\">Race The Legends<\/a>, Egypt.<\/p>\n<p>1-3 November (Monday-Wednesday): Egypt Energy exhibition on power and renewable energy, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>November: Egypt will <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/163314772505618\">host another round of talks<\/a> to reach a potential Egyptian-Eurasian trade agreement, which can significantly contribute to increasing the volume of Egyptian exports to the Russia-led bloc that includes Armenia, Belarus, Kazakhstan and Kyrgyzstan.<\/p>\n<p>1-12 November (Monday-Friday): 2021 United Nations Climate Change Conference (COP26), Glasgow, United Kingdom.<\/p>\n<p>29 November-2 December (Monday-Thursday): Egypt Defense Expo.<\/p>\n<p>12-14 December (Sunday-Tuesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa Cairo<\/a> trade exhibition, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>13-17 December: United Nations Convention against Corruption, Sharm El Sheikh, Egypt.<\/p>\n<p>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>May 2022: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>27 June-3 July 2022 (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":566638,"template":"","categories":[],"tags":[],"class_list":["post-566637","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"055fb2fa-03d6-46ac-859c-48511630c52f","teaser":"","photo_url":"https:\/\/ent.news\/2021\/7\/319.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Enterprise B2B bulk ordering company MaxAB closes landmark USD 40 mn series A round. - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-b2b-bulk-ordering-company-maxab-closes-landmark-usd-40-mn-series-a-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise B2B bulk ordering company MaxAB closes landmark USD 40 mn series A round.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-b2b-bulk-ordering-company-maxab-closes-landmark-usd-40-mn-series-a-round\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T05:29:42+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/319.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-b2b-bulk-ordering-company-maxab-closes-landmark-usd-40-mn-series-a-round\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-b2b-bulk-ordering-company-maxab-closes-landmark-usd-40-mn-series-a-round\/\",\"name\":\"Enterprise B2B bulk ordering company MaxAB closes landmark USD 40 mn series A round. - 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