Vodafone Egypt to obtain 20% stake in Ebtikar Holding electronic payment subsidiaries

EGYPT – Vodafone Egypt, the largest mobile network operator in Egypt, has signed a Memorandum of Understanding (MoU) with Ebtikar Holding for Financial Investments (Ebtikar), to obtain a 20% stake in the latter’s two electronic payment subsidiaries: Masrary and Bee. The MoU paves the way for Vodafone Egypt to participate in the two e-payment platforms’ capital subscription with a 20% stake. According to a press statement by Vodafone Egypt, this comes as part of the company’s strategy to increase its investments in Egypt and provide various digital payment services to…

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American aerospace manufacturer Bell acquires engineering company Response Technologies

GLOBAL – Bell, an aerospace manufacturer, wholly owned subsidiary of Textron Inc, has announced in a statement the acquisition of Response Technologies LLC, an engineering company, adding to Bell’s extensive technology portfolio in the aerospace and manufacturing industry, Founded in 2015, Response Technologies is a startup focused on flexible, 3D, textile-reinforced composite solutions. The company has two business areas of development: fuel cells and components and textile composites. With a focus on advanced manufacturing, Response Technologies’ mission aligns closely with Bell’s Rapid Prototyping and Manufacturing Innovation team. “This acquisition aligns…

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