Beltone Venture Capital and UAE-based Citadel International Holdings have exited Bosta through their joint fund, achieving a 75% internal rate of return (IRR).

Egyptian billionaire Nassef Sawiris has closed the London branch of his family office, NNS Group, after giving up his UK residency, according to regulatory filings that point to broader shifts in the country’s wealth management landscape following tax changes.

Cairo-based early-stage venture capital (VC) firm A15 announced the acquisition of its portfolio company Viral Wave by PopArabia, the Middle East and North Africa partner of NASDAQ-listed Reservoir.

Beltone Venture Capital (BVC), a wholly owned subsidiary of Beltone Holding, announced its successful exit from Cathedis, Morocco’s leading last-mile delivery and logistics platform, achieving an internal rate of return (IRR) of 100%

A consortium of international investors has signed an agreement to acquire 100% of the Egyptian non-banking financial services provider Tamweely Microfinance for more than EGP 2.5 billion.

The company will disclose any further details in due course, in addition to more information on its plans to return value to its shareholders through both organic and inorganic growth.

The move comes in light of EFG Hermes’ efforts to drive shareholders' value by optimizing its operations, reallocating resources, and improving the return on equity metric.