Tags : Hossam Gramon

Banking & Finance Egypt Transport

EBRD and donors finance Egyptian electric transport provider AGM

Abou Ghaly Motors (“AGM”), specialists in the automotive industry in Egypt, has successfully secured a finance extension from The European Bank for Reconstruction and Development (“EBRD”) to finance AGM’s fleet of range-extended electric vehicle for its London Cab services.  A loan of EGP 187.4 million (around EUR 10 million) from the EBRD is being complemented […]

Banking & Finance Deal & transactions Egypt

Adsero advises Valu on its acquisition of Paynas

Valu, a buy-now-pay-later (“BNPL”) lifestyle enabling fintech platform and a subsidiary of EFG Hermes Holding, has successfully acquired Paynas, a FinTech and digital HR platform.  The transaction falls in line with Valu’s strategy to grow the business and enhance its tech power and allows it to reach Paynas’s extensive base of micro, small, and medium enterprises.  […]