• Wednesday, 8 February 2023

    El Said calls on Qataris to invest + ADQ said to be mounting rival bid to QIA’s Vodafone Egypt acquisition

    Arms wide open for the Qataris: Planning Minister Hala El Said again invited Qatari business leaders to step up their investments in Egypt during talks in Doha yesterday, according to the state-run Qatar News Agency. Members of the Qatari Businessmen...
  • Wednesday, 25 January 2023

    A new Hilton hotel in Marsa Alam

    TOURISM- Hilton expands its Red Sea portfolio: Hospitality giant Hilton has signed its second property in Marsa Alam: Hilton Marsa Wazar Red Sea Resort & Spa, according to a company press release (pdf). The property will be operated under the...
  • Wednesday, 18 January 2023

    Vodacom snaps up another 0.02% of Vodafone Egypt

    CAPITAL MARKETS- Minority shareholders loath to part with Vodafone Egypt stakes: Vodacom is acquiring an additional 0.02% (49.5k shares) of Vodafone Egypt from minority shareholders for EUR 17.92 a piece after the subscription period on its offer closed yesterday, according...
  • Monday, 16 January 2023

    Vodafone Egypt shareholders have until close tomorrow to sell to Vodacom

    CAPITAL MARKETS- Minority shareholders in Vodafone Egypt will have another two days to decide whether to sell shares to Vodacom after the EGX extended the subscription period by two days to tomorrow, 17 January due to national holidays. Vodacom —...
  • Wednesday, 14 December 2022

    Vodacom is officially Vodafone Egypt’s majority shareholder

    South Africa’s Vodacom now owns the lion’s share of Vodafone Egypt: Vodafone Group has transferred its 55% stake in its Egyptian unit to its South African subsidiary Vodacom in a EUR 2.37 bn cash and stock transaction, it said in...
  • Sunday, 11 December 2022

    Vodacom closes acquisition of 55% stake in Vodafone Egypt

    Vodacom is Vodafone Egypt’s new majority shareholder: Vodafone Plc’s South African subsidiary, Vodacom, has closed the acquisition of its parent company’s 55% stake in Vodafone Egypt, Al Mal reported on Thursday. The company reportedly acquired Vodafone’s 132 mn shares in...
  • Thursday, 24 November 2022

    Is the Qatari sovereign fund closing in on a 20% stake in Vodafone Egypt?

    Are talks between TE and Qatar’s sovereign fund over Vodafone Egypt hotting up? The Qatar Investment Authority’s (QIA) talks with Telecom Egypt over the potential purchase of a 20% stake in Vodafone Egypt have “accelerated” and could close “very soon,”...
  • Wednesday, 23 November 2022

    Happy almost-Thursday and Thanksgiving-eve

    Good afternoon, wonderful people, and a very happy almost-THURSDAY. It’s shaping up to be a very gentle newsday today, putting us in the Thanksgiving mood. We wish joyful preparations to all our US friends and family as they gear up...
  • Tuesday, 15 November 2022

    Vodacom wants to launch its superapp with Alibaba in Egypt

    Vodacom is already making plans for Egypt: Vodafone’s South African subsidiary plans to launch financial services products in Egypt through its Vodapay superapp that it is developing with Chinese tech giant Alibaba Group, its CEO, Shameel Joosub, told Bloomberg yesterday....

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