Month: December 2023

Amorino’s journey began in the heart of Paris, fueled by the friendship of Cristiano Sereni & Paolo Benassi and a shared love for their homeland, Italy, and the divine taste of gelato. Now, this delectable symphony of flavors finds its way to Cairo Festival City Mall, Level 2, next to…

In line with its strategy to promote financial inclusion, Basata Holding, the leading e-payment services company in Egypt, has announced its plans to launch a range of new services in the upcoming year. The new launches align with Egypt’s vision geared towards digital transformation. In 2023, Basata achieved remarkable results…

The World Bank said it would provide 100 million U.S. dollars in additional financing to help more than 200,000 Somali households benefit from cash transfers to help them cope with flooding and food insecurity. The World Bank-funded Somalia Shock Responsive Safety Net for Human Capital Project (SNHCP) will provide emergency…

Despite macroeconomic headwinds, import restrictions, and volatile currencies, Africa’s smartphone market surged 12% year-on-year in Q3 2023, reaching 17.9 million units shipped. This resilience underscores the continent’s strong underlying demand and appetite for mobile technology. TRANSSION maintained its leading position with a 48% market share, fueled by a 9% annual…

iSchool, an Egyptian startup that teaches programming to children, has secured $4.5m in a funding round led by Capital Ventures Wave, an Irish venture capital firm. The round also included UK Capital OneStop, Webit Network Investment, and Capital Oraseya, the investment arm of Dubai’s Integrated Economic Zone Authority. Mohamed Gawish,…

CIRA Education Holding Company, led by CEO Mohamed El Kalla, has announced its investment plan for 2024, which includes investments worth EGP 700m. El Kalla said in a press conference that the company intends to replicate the model of Global Village schools in 6th October City, in collaboration with the…

A new study in the open-access journal PLOS ONE on 20 December shows that people who view Facebook users’ posts may have different impressions of them than how the users see themselves. Many people use social media platforms to express themselves and connect with others. Previous research has suggested that…

A framework agreement for a green hydrogen project in the Suez Canal Economic Zone was signed in the presence of Prime Minister Mostafa Madbouly. The project developer is ACWA Power, a Saudi Arabian company that specializes in renewable energy. The other signatories are Egypt’s Sovereign Fund, the Suez Canal Economic…

Sharif Farouk, Chairperson of Egypt Post, received Sami Dawud, Chairperson of Jordan Post, in the Smart Village to discuss ways to enhance cooperation and share expertise between the two countries. The meeting was attended by representatives from both sides, including Asma Awaysha, Economic Advisor of the Jordanian Embassy to Cairo;…

Egyptian businessman Ahmed Ezz has bought Jamal El-Garhy’s shares in Ezz Steel for EGP 344m. The deal involved about 4.3 million shares, with an average price of EGP 80 per share. Hermes Financial Group brokered the transaction. Jamal El-Garhy, who founded El-Garhy Steel Group, had a 5.93% stake in Ezz…