Orascom Investment Holding Company’s board, chaired by businessman Naguib Sawiris, has approved splitting the company to the current Orascom Investment Holding Company and the new Orascom Financial Holding Company.

Egypt’s Commercial International Bank (EGX:COMI) has acquired a 51% stake in Kenya’s Mayfair Bank, the Central Bank of Kenya said on Friday, following its approval on April 7, 2020.

Trading on Egypt's stock exchange stopped for half-an-hour shortly after the start of the Sunday trading session due to the decline of the all embracing EGX100 index by more than 5 percent. 

Vodafone Group PLC (EGX:VODE) has signed a Memorandum of Understanding (MoU) with Saudi Telecom, a move that will see former sell its 55% stake (amounting to $2.39 billion) to the latter.