Egypt’s Fawry unveils IPO but no details of price, size, timing
Egyptian digital bill payments company Fawry has selected EFG Hermes to lead its public offering, but no details of…
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Egypt’s Raya to launch assembly electric cars in H2-2020
Raya Auto, a subsidiary of Egyptian Raya Holding, is planning to offer locally-assembled electric cars in the North…
Vodafone Egypt posts pre-tax profits of $592 mln at end-FY2019
Mobile network operator Vodafone Egypt posted profits before interest and tax worth 10.10 billion Egyptian pounds…
Egypt imposes 18% tax on social media ads
The Egyptian government has started collecting 18 percent on the value of advertising services on social media…
Mobile penetration in Africa reaches 81%: Huawei Business development head
Huawei Business development head said that the mobile penetration in Africa reaches 81%, in addition the 5G…
Egypt’s Fiber Misr to launch Africa-based submarine cable firm mid-April
Egypt’s telecommunications and IT systems integrator, Fiber Misr announced on Tuesday it plans to launch a new firm…
Vodafone Egypt invests $219.3 million in FY2018/19
Mobile network operator Vodafone Egypt invested nearly 3.8 billion Egyptian pounds ($219.3 million) during the…
Egypt’s e-Fianance increases its authorised capital to EGP 1.5bln
The General Assembly of Egypt's financial institutions operation company e-Finance has approved the increase of…
Smart Villages negotiates with 4 investors to build hotel with EGP500mln investments
Smart Villages Development & Management Company is negotiating with four Arab and foreign investors to launch…
Egypt’s Sawiris to invest $300 mln into Italy
Egyptian billionaire Naguib Sawiris said that he seeks to invest $300 million in Italy during the upcoming period…