Egypt’s Fawry targets UAE, Saudi Arabia, and Kuwait for expansion
Fawry is also considering a deal with a UAE bank to use its technology platform in the UAE and other gulf countries...
Tag : EGYPT
Mena fund managers increase investments in UAE, Egypt
Funds to reduce allocation to Saudi Arabia while keeping the earlier exposure to other Mena countries...
Egypt in talks with World Bank to establish cargo shipping line
The Egyptian National Railway is studying establishing a shipping line between Alexandria and the Sixth of October dry port...
IFC and MIGA sign deal for 252MW Egyptian wind farm
The IFC will provide $84 mn in financing while MIGA will offer $122 mn in financial guarantees...
Investec’s Spinneys acquisition is its first PE investment in Egypt
Investec acquired Spinneys through its second pan-African private equity fund...
Foreign firms to launch 2,150MW wind energy projects in Egypt
The wind power stations will be established through a range of project financing such as BOO and EBC....
Sukuk spread its wings to Africa
Despite sukuk’s ongoing instability in GCC countries this year, there is a resurgence of interest across 18 African markets. What does this mean to the largely underbanked Muslim population in these markets?...
Surge in Egypt tourism with frequent UK visitors: Report
The Central Agency for Public Mobilization and Statistics show a 35% rise in British tourists visiting Egypt in February 2018...
Saudi Arabia, Egypt resumed oil products shipment
A three-month deal worth US$1.4bn has been signed between Saudi Aramco and the Egyptian General Petroleum Corporation...
Tech Startup Funding Report illustrates Africa’s startup-investor boom
South Africa, Nigeria and Kenya are top destinations for tech investments in 2017...