CI Capital Asset Management plans to launch Egypt’s first equity hedge fund
· Egyptian market news · MENA
CI Capital Asset Management plans to launch an equity-focused hedge fund targeting EGP 250 mn in assets-under-management within its first year, Asharq
REMEMBER- last month
Avanz Capital Egypt (ACE) sold Manara’s stake in last mile logistics player Bosta to Lorax Capital Partners for an undisclosed sum Al Borsa
ICYMI- ACE is in the process of being acquired by advisory group Exits Mena rebrand it Exits Manara Algebra Ventures’
That makes ACE the third Bosta shareholder to sell down since May. Beltone Venture Capital and UAE-based Citadel International Holdings Saudi’s Khwarizmi Ventures
Italian banking group Intesa Sanpaolo intends to keep investing and expanding in Egypt Asharq
AlexBank signed two new agreements on the sidelines of the Italy-Egypt Business Forum in Cairo. press release Italy’s Mattei Plan for Africa and the EU’s Global Gateway strategy
Where this fits: Italy is angling for a bigger slice of Egypt’s investment pie, and it’s chasing four sectors specifically. told the Asharq
Chart a new sea route
Egypt and Oman are working to launch a direct shipping line between Oman’s Duqm and Salalah ports and Egyptian ports a press release
IN CONTEXT- OMR 22.4 bn by the end of 2025