Tag: Karim Awad

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Karim Awad-led EFG Hermes acquires Egyptian B2B marketplace Fatura

The acquisition comes after the Egyptian startup closed a $3-million pre-Series-A funding round last year.

Led by Egyptian exec Karim Awad, EFG Hermes issues $26.8-million bond

The bond has a credit rating of "A-" from Middle East Ratings and Investor Services.

Led by Egyptian exec Karim Awad, EFG Hermes raises capital by $52.9 million

The capital raise will be funded by the group's retained earnings and will be distributed over 194.61 million shares.

UAE’s largest bank, FAB, has withdrawn its offer for majority stake in Karim Awad’s EFG Hermes

The disclosure comes two months after the bank announced its plan to acquire a 51-percent stake in EFG Hermes Holding.

Led by Egyptian executive Karim Awad, EFG Hermes plans to increase its capital base by $52.9 million

EFG Hermes will issue one share for every five shares held by shareholders.


Kenyan tycoon John Kimani gains $3.7 million in 45 days

John Kimani, known for his diverse investment portfolio, owns a 34.54 percent stake, equivalent to 6,762,133 shares, in Kakuzi Plc. 

Hip-hop’s first billionaire Jay-Z scores legal win, pocketing $7.2 million

The legal saga began in 2016 when Parlux, renowned for its ties with pop culture icons and fashion houses, filed a lawsuit against Jay-Z.

World’s richest Black woman Oprah Winfrey settles trademark lawsuit over ‘Oprahdemics’ podcast

Despite losing more than $100 million in 2022, the “Queen of Talk” remains the World’s richest Black woman.

Burkinabe tycoon Idrissa Nassa’s Coris Bank acquires Societe Generale’s assets in Mauritania, Chad

The latest move places Nassa-led bank as a key player among the new generation of emerging lenders.