• Wednesday, 30 November 2022

    Gov’t reportedly looking to tender 200-MW worth of new Benban solar projects

    Among the other stories we’re paying attention to this morning:ENERGY-A 200 MW solar tender in Benban? The New and Renewable Energy Authority is reportedly planning to issue a tender for one company to develop solar power plants with a combined...
  • Wednesday, 2 November 2022

    Camel Flour Mills acquires majority stake in Five Star Mills

    Camel Flour acquires struggling flour producer: Al Moatabar Group’s Camel Flour Mills (CFM) has acquired a majority stake in the distressed high-end flour producer Five Stars, it said in a statement (pdf) yesterday.Five Stars has fallen on hard times: Described...
  • Sunday, 30 October 2022

    valU + aiBANK to provide finance to Sylndr customers

    Other things we’re keeping an eye on this morning: valU and aiBANK are providing finance options to customers of Sylndr, a group of companies are exploring LNG bunkering in Egypt, and the UK’s charities watchdog has launched an investigation into...
  • Thursday, 20 October 2022

    valU acquires an undisclosed minority stake in payments app Kiwe

    EFG Hermes’ BNPL platform, valU, has acquired an undisclosed minority stake in fintech Kiwe, Kiwe CEO Fatma Ibrahim confirmed to Enterprise, following a company press release (pdf). The e-payments startup counts our friends at EFG Hermes Finance, EFG EV Fintech,...
  • Wednesday, 19 October 2022

    Private tutoring could soon be regulated by the Education Ministry

    Tutoring centers could go legit: Private tutoring centers will have to get licensed by the Education Ministry, Education Minister Reda Hegazy yesterday told the House of Representatives, according to Youm7. Last year, the Tax Authority demanded that tutoring center owners...
  • Thursday, 29 September 2022

    Raya Electronics plans major expansion in 2023

    Raya Holding’s Raya Electronics plans to expand into 10 new governorates next year, after inaugurating one of the biggest electronic stores in New Cairo, it said in a statement, pdf) yesterday.Orascom Construction will build, own, and operate a EGP 1...
  • Monday, 5 September 2022

    valU wants you to shop by WhatsApp and we have new solar plants coming online in Sharm this October

    A bidding round for Borg El Arab dry port? A consortium led by Alpha Capital is reportedly among companies planning to submit an offer in October to establish, operate and manage the dry port at Borg El Arab at an...
  • Tuesday, 23 August 2022

    valU acquires PayNas

    EFG Hermes’ consumer finance arm valU has acquired 100% of digital HR and payroll platform Paynas, valU said in a statement (pdf) yesterday, without disclosing the value of the transaction. The acquisition will see valU tap into Paynas's roster of...
  • Monday, 22 August 2022

    THIS EVENING: valU snaps up 100% of PayNas + Citi sees UK inflation jumping above 18% next year

    Happy hump day, wonderful people. We have a slightly slower news afternoon to bring you today — a welcome breather after the marathon sprint we’ve been keeping up with over the past couple of weeks.THE BIG STORY TODAY EFG Hermes’...

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