retail Archives

Development Partners International invests $165m in discount retailer Kazyon

Development Partners International (DPI), an Africa-focused private investment firm, announced a $165 million equity investment in Kazyon Ltd., with co-investors including British International Investment (BII), South Suez and others. Kazyon, founded in 2014, will invest the...

by WAYA Staff - May 1, 2023

Money

DisrupTech Ventures to invest US$5m in new fintech startups

DisrupTech Ventures has recently announced it will allocate funding estimated at a range from US$4 to US$5m in four new Egyptian fintech...

by WAYA Staff - Jun 1, 2023

Startups

Dubai-based startup Tabby raises debt to US$350m

Dubai’s buy now, pay later firm Tabby has increased its debt facility to $350 million in a financing round led...

by WAYA Staff - Jun 1, 2023

Startups

Morocco-based DataPathology raises US$1m from Azur Innovation Fund

The Morocco-based healthtech startup DataPathology announced it raised US$1 million, led by Azur Innovation Fund. The startup’s mission is to address the lack of...

by WAYA Staff - May 31, 2023

Startups

US-based Manganum raises US$500K in 2nd round of seed funding from Mitgo

US-based Manganum announced that it has raised US$500K in the second round of seed funding from Mitgo, an innovation-focused global...

by WAYA Staff - May 31, 2023

Energy

Egypt’s KarmWater inaugurates Marsa Alam’s first solar-powered water desalination plant

KarmWater, the water solutions division of KarmSolar announced the inauguration of the first solar-powered water desalination plant in Marsa Alam, according to...

by WAYA Staff - May 30, 2023

Money

Saudi Arabia’s First Milling Co plans to raise US$266.4m from IPO

Saudi Arabia’s First Milling Company said that it planned to offer 30 percent of its share capital in an initial...

by WAYA Staff - May 30, 2023

Money

Dana Gas gets approval to increase foreign ownership in its shares to 100%

UAE-based energy firm Dana Gas has received regulatory approval to increase foreign ownership in its shares up to 100%, according...

by WAYA Staff - May 30, 2023

Startups

Morocco’s PrestaFreedom raises US$1.1m from Azur Innovation Fund

Morocco-based PrestaFreedom, a home services marketplace, announced it has secured US$1.1 million led by Morocco’s Azur Innovation Fund. PrestaFreedom plans to invest the fund in its...

by WAYA Staff - May 29, 2023

Startups

Egypt’s CardoO launches its first IoT-enabled smartwatch

The Egyptian startup CardoO, specialized in Internet of Things (IoT) devices, announced the launch of its first IoT-Enabled Smartwatch after it raised a...

by WAYA Staff - May 29, 2023

Markets

Two Chinese companies to build US$300m iron complex in SCZone

Egypt’s Suez Canal Economic Zone (SCZone) got an offer from two Chinese companies to build a US$300 million steel complex, according to...

by WAYA Staff - May 28, 2023

retail

Development Partners International invests $165m in discount retailer Kazyon

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