The International Finance Corporation (IFC) is considering an equity investment of up to $6 million in Africa Seed Fund Co?peratief U.A. (Flat6Labs Africa) through its Startup Catalyst Program.

Egypt's non-banking financial sector recorded a total financing of EGP 646.6 billion during the first nine months of 2024.

Canada-based oil and gas firm TAG Oil is planning to raise CAD 10 million via a marketed public offering of additional units of the company, while using the proceeds to promote appraisal and development activities in Egypt’s Western Desert.

Beltone Financial Holding aims to launch eight new funds on the Egyptian Exchange (EGX) by the end of 2025.

The Saudi Arabia-based ACWA Power is set to complete raising $1.5 billion in funds next November for a wind energy project in Egypt’s Gulf of Suez.

CI Capital Asset Management plans to introduce five sectoral equity investment funds in the Egyptian market before the end of 2024.

NBK Egypt Financial Investments Company, the manager of NBK - Egypt Mutual Funds, succeeded in achieving excellence for three of its managed funds, topping the ranking of mutual funds in Egypt at the end of the first half (H1) of 2024.

Azimut Egypt has obtained a license from the Financial Regulatory Authority (FRA) to launch its digital platform for investment funds and portfolios.

The number of Egyptian citizens who applied to invest in the country’s two gold investment funds has reached 102,925 at the end of March 2024, according to a report submitted by the Financial Regulatory Authority’s (FRA) Chairman Mohamed Farid to Prime Minister Mostafa Madbouly.

Egypt will receive the second tranche of payments for the Ras El-Hekma project within the upcoming weeks, Prime Minister Mostafa Madbouly said.

Egyptian President Abdel Fattah El-Sisi stated that the Central Bank of Egypt has received a part of the agreed-upon funds with Abu Dhabi Developmental Holding (ADQ) under the country’s $35 billion Ras El Hekma deal.

Egyptian apparel manufacturing firm T&C Garments is targeting to offer a 20% to 25% stake to international investment funds within the second quarter (Q2) of 2024 after finalizing its expansion plans.

The healthcare digital transformation platform Almouneer has raised $3.6 million in a seed funding round led by Dubai-based Global Ventures.

The Egyptian finance ministry allocated EGP 761 million in the first quarter (Q1) of fiscal year (FY) 2023/2024 to support the private funds and accounts across governorates.