Egypt raises $1.9bn from Asset Monetisation Programme
The Egyptian government has raised $1.9bn from its Asset Monetisation Programme, according to Prime Minister Mostafa Madbouly. Of this amount, $1.65bn was obtained in US dollars and $250m was obtained…
Contact and Telda partner to offer lending-as-a-service solution
Contact CreditTech, the digital consumer financing arm of Contact Financial Holding, and Telda have announced a new partnership to offer a unique Lending-as-a-Service (LaaS) solution to all Telda customers. The…
A journey through Egyptian history and culture: Featured artefacts of July
The Egyptian antiquities museums have announced the featured artefacts for the month of July. These artefacts offer a unique glimpse into the rich history and culture of Egypt, from the…
185k tonnes of fodder supplies worth $100m were released from Egyptian ports in 2 weeks: Agriculture Minister
Minister of Agriculture and Land Reclamation Elsayed Elkosayer announced the release of 185,000 tonnes of fodder supplies, "corn and soybeans", at a value of about $100m during the period from…
Sudanese army delegation in Addis Ababa boycotts IGAD meetings
Several African countries confirm their participation in Cairo Summit on Sudan
US-based Practical VC invests in EXITS MENA, bringing its total capital to $1.25bn
Silicon Valley-based venture firm Practical VC has announced its participation in a recent investment round in EXITS MENA, the region's leading investment platform. While the specific investment amount remains undisclosed,…
Egypt plays effective role in combating human trafficking, illegal migration: Naela Gabr
Egypt plays active role in the international community in its continuous efforts to combat the crimes of human trafficking and illegal migration, Naela Gabr, Chairperson of the National Coordinating Committee…
EIB to provide €4bn for NWFE projects in Egypt: Al-Mashat at EIB MED Conference
Egypt's Minister of International Cooperation Rania Al-Mashat delivered the closing speech at the 2023 edition of the EIB MED Conference, which was jointly organised by the Spanish Presidency of the…
Egyptian fintech Menthum raises pre-seed funding from A15, Acasia, and prominent angels
Egyptian venture capital firms A15, Acasia Ventures, and prominent angels have completed an investment in Cairo-based digital savings platform Menthum, joining a pre-seed round. Menthum is a B2B and B2C…
Baker & McKenzie consults on 40 deals this year: Executive partner
Office consults on establishing pre-IPO fund