Since its launch in 2018, TSFE has attracted 43% of Egypt's total foreign direct investment (FDI), amounting to EGP 37 billion.
“This merger proves that massive, world-class tech companies can be built in Africa for Africa,” says Belal El-Megharbel, Co-CEO at Wasoko and MaxAB.
Safina will be rebranded as Noatum Maritime Egypt and integrated into Noatum’s extensive international network, providing it with greater access to diverse industries and new customers
Al Ahly Capital, the investment arm of the National Bank of Egypt, recently completed procedures to acquire a 51% stake in Easy Lease, a subsidiary of El Sewedy Capital
The report showed that in 2023, the total volume declined by 53% to reach 139 deals and the deal value declined by 62% to reach $3.48 billion
