{"id":660117,"date":"2025-02-06T00:00:00","date_gmt":"2025-02-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/beltone-venture-capital-invests-in-moroccan-eyewear-brand-lnko\/"},"modified":"2025-02-06T00:00:00","modified_gmt":"2025-02-06T00:00:00","slug":"beltone-venture-capital-invests-in-moroccan-eyewear-brand-lnko","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/beltone-venture-capital-invests-in-moroccan-eyewear-brand-lnko\/","title":{"rendered":"Beltone Venture Capital invests in Moroccan eyewear brand LNKO"},"content":{"rendered":"<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Beltone Ho<\/strong><strong>lding\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.beltoneholding.com\/venture-capital\" style=\"\" rel=\"noopener\">Beltone Venture Capital<\/a><\/strong><strong> made an undisclosed equity investment in <\/strong><strong>Moroccan eyewear brand LNKO<\/strong>, Beltone said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/497.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. LNKO is present in 24 countries online, has 10 points of sale across Morocco, and has cultivated a customer base of over 100k since it launched four years ago. No details were provided on the size or value of the investment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cThis equity investment in LNKO marks a key milestone in our African expansion strategy. By partnering with LNKO, we\u2019re backing a visionary company with immense growth potential,\u201d said Beltone Venture Capital CEO Ali Mokhtar.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>ExxonMobil ey<\/strong><strong>es ramping up its Egypt operations:<\/strong> US energy giant ExxonMobil is reportedly planning to dig two new exploratory wells in its Cairo and Masry offshore concessions in 1Q 2026, with an initial investment of USD 240 mn, an unnamed government official told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/power\/69419\/%D8%A5%D9%83%D8%B3%D9%88%D9%86-%D9%85%D9%88%D8%A8%D9%8A%D9%84-%D8%AA%D8%AD%D9%81%D8%B1-%D8%A8%D8%A6%D8%B1%D9%8A-%D8%BA%D8%A7%D8%B2-%D8%A8%D8%A7%D9%84%D8%A8%D8%AD%D8%B1-%D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D9%85%D8%B7%D9%84%D8%B9-2026\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Egypt is reportedly planning to <\/strong><strong>increase crude oil production by 18% y-o-y<\/strong> by the end of the current fiscal year, an unnamed government official told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/02\/05\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%86%D8%AA%D8%A7%D8%AC%D9%87%D8%A7-%D9%85%D9%86-%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-18-%D8%A8%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D9%8A%D9%88%D9%86%D9%8A%D9%88-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. The Egyptian General Petroleum Corporation is said to be working with foreign energy companies to increase daily production to 565k barrels per day, up from an average of 475k recorded in the last fiscal year, with about 40% of the targeted increase coming from mature fields undergoing development and the remainder extracted from new wells.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re on the right track: <\/strong>Egypt\u2019s production capacity rose by 30k barrels of oil per day during the first quarter of FY 2024-25, Oil Minister Karim Badawi <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e4f0ab22-1b09-45e1-840b-ef77e13a8fa1\/drilling-operations-in-zohr-to-resume-in-december\" style=\"\" rel=\"noopener\">said<\/a> in October. <\/p>\n<p class=\"tag-border-left\">DEVELOPMENT FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICD <\/strong><strong>to provide private<\/strong><strong> sector with USD 100 mn under 2025 work plan: <\/strong>The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank, signed Egypt\u2019s work plan for 2025, under which it will provide USD 100 mn in funds to support private sector projects in the country, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/481.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The ICD plans to offer financing and support for several economic sectors, all while expanding financial inclusion initiatives, supporting SMEs, and spreading awareness about Islamic financing tools.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">M&A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amethis acquires majority share in Kazareen Textile:<\/strong> Africa-focused investment fund manager Amethis has acquired a majority stake in textile manufacturer Kazareen Textile Group through its Amethis Fund III, according to a <a target=\"_blank\" href=\"https:\/\/amethis.com\/en\/amethis-completes-majority-investment-in-the-kazareen-textile-group-a-leading-textile-manufacturing-group-in-egypt\/\" style=\"\" rel=\"noopener\">statement<\/a>. The acquisition will support Kazareen\u2019s expansion plans. While the statement doesn\u2019t disclose the stake acquired, the Egyptian Competition Authority late last year <a target=\"_blank\" href=\"https:\/\/eca.org.eg\/ar-eg\/%D8%AC%D9%87%D8%A7%D8%B2-%D8%AD%D9%85%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D9%86%D8%A7%D9%81%D8%B3%D8%A9\/%D8%A7%D9%84%D8%AA%D8%B1%D9%83%D8%B2%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9\/%D8%A7%D9%84%D8%AA%D8%B1%D9%83%D8%B2\/%D8%B7%D9%84%D8%A8-%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%85%D9%8A%D8%AB%D9%8A%D8%B3-3-%D8%B3%D9%8A%D9%83%D8%A7-%D9%81%D9%8A-%D8%B1%D8%A7%D9%8A%D9%81-%D8%B9%D9%84%D9%89-%D9%86%D8%B3%D8%A8%D8%A9-56-%D9%85%D9%86-%D8%A3%D8%B3%D9%87%D9%85-%D8%B4%D8%B1%D9%83%D8%A9-%D9%83%D8%A7%D8%B2%D8%A7%D8%B1%D9%8A%D9%86-%D8%AA%D9%8A%D9%83%D8%B3%D8%AA%D8%A7%D9%8A%D9%84-%D8%AC%D8%B1%D9%88%D8%A8-%D9%84%D9%8A%D9%85%D8%AA\" style=\"\" rel=\"noopener\">said<\/a> it greenlit the fund\u2019s request to snap up 56% of the company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEFENSE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US State <\/strong><strong>De<\/strong><strong>partment <\/strong><strong>greenlit<\/strong><strong> USD 929 mn in possible US arms sales to Egypt<\/strong><strong> on Tuesday<\/strong>, Pentagon's Defense Security Cooperation Agency announced earlier this week. The decision paves the way for a possible <a target=\"_blank\" href=\"https:\/\/www.dsca.mil\/press-media\/major-arms-sales\/egypt-fast-missile-craft-modernization\" style=\"\" rel=\"noopener\">USD 625 mn<\/a> contract with Lockheed Martin to upgrade Egypt's fast missile craft and a <a target=\"_blank\" href=\"https:\/\/www.dsca.mil\/press-media\/major-arms-sales\/egypt-antps-78-long-range-radar\" style=\"\" rel=\"noopener\">USD 304 mn<\/a> contract with Northrop Grumman for its long-range radar technology.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- ExxonMobil eyes two new USD 240 mn exploratory wells in 1Q 2026<\/p>\n","protected":false},"author":1,"featured_media":660118,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,7444,482,93,72,2337,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-beltone-venture-capital","tag-defense","tag-energy","tag-enterpriseam","tag-islamic-finance","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"9fd0753d-dd8b-428d-b6c8-e1a6c6aa6295","order":"16","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/567.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Beltone Venture Capital invests in Moroccan eyewear brand LNKO","related_issue":[660089],"teaser":"PLUS- ExxonMobil eyes two new USD 240 mn exploratory wells in 1Q 2026","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.3437bb15-7dd9-4c6f-abd7-44c2ad50a9a6.mp3"},"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>Beltone Venture Capital invests in Moroccan eyewear brand LNKO - 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\/2025\/02\/06\/beltone-venture-capital-invests-in-moroccan-eyewear-brand-lnko\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beltone Venture Capital invests in 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