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Prosper Africa will lead a high-level U.S. institutional investor delegation to Cairo, Egypt, from May 1 – 5, 2023, to attend the Africa Private Equity and Venture Capital Association (AVCA) Annual Conference and to explore investment opportunities and connect with top private equity and venture capital funds in Africa. Prosper Africa is the U.S. Government […]
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DPI has today announced a $165 million equity investment in Kazyon Ltd, the UK parent of the largest discount retailer in Egypt “Kazyon” alongside co-investors, including British International Investment (BII), South Suez and others. The investment demonstrates continued confidence in the Egyptian retail sector and positions the business for future growth as it looks to accelerate its […]
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Lucky, a leading Fintech platform for credit products, offers & cashback rewards in Egypt and the Middle East, today announced that more than 10 million people are using its platform. The fast-growing Egyptian startup onboarded its latest 1 million customers in September and is showing no signs of slowing down. The surge in customer growth […]
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By Hisham Allam Tourism to Egypt’s GDP is as vital as the Nile to its people. After Egypt’s tourism sector began to recover following the Russian plane crash in 2015. Then COVID hit, and now the Ukrainian war shot a bullet through its heart. The protracted Russian conflict with Ukraine threatens several tourist destinations that rely […]
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By Hisham Allam Egypt is scrambling to find alternate sources of wheat after the Russian invasion of Ukraine has put supply to the country in jeopardy. This is especially urgent because the price of bread in Egypt has in the past sparked protests in the country. Russia and Ukraine are key players in the global grain […]
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Infinet Wireless, the global vendor of industry-leading fixed wireless broadband connectivity solutions, helped Coca-Cola Bottling Company of Egypt to proficiently interconnect its offices, having provided the reliability and steadiness of the links. The enterprise needed to interconnect 26 locations, so the Coca-Cola Bottling Company chose InfiLINK 2×2, a versatile and adaptable Point-to-Point solution, perfect for […]
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Payments through Klickit exceed EGP 100 million to more than 120 educational entities Education Payment Hub is a web-based solution tailored specifically for the education sector’s payments management needs whether large or small, such as tuition or activity fees. The online solution – which is the first of its kind in the market – is […]
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And Increases Cash Offering For Startups Flat6Labs, a regional Seed Program and Fund, announced today the second close and increase of its Egypt fund from EGP50 million to EGP207 million, to support Egyptian early-stage startups. Flat6Labs has also announced that it’s raising its cash seed offering for its Cairo Seed Program to up to EGP1.5M, […]
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Sawari Ventures announced the closing of the Egypt based fund with total commitments of USD 30 Million from Misr Insurance Group, Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal Bank. The fund previously closed USD 41 million of raised investments from European Investment Bank, CDC , Proparco, Dutch Good Growth […]
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With EGP 30 million in investments, over USD 100 million in customer sales across the GCC and Egypt, saving restaurants USD 15 million worth of commissions. Zyda, the rising e-commerce platform provider, has announced its expansion into the Egyptian market. With investments of over USD 2 million, equating to over EGP 30 million, Zyda is […]
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