Banque Misr announces financing for “Transport Egypt” project

Banque Misr announced on Tuesday that it will be financing 60% of the first phase of the Transport Authority’s “Transport Egypt” project, Youm7 reports. The financing facility will be in conjunction with a central bank initiative to promote domestic SMEs. The facility will be extended at 5% interest and aims to bring 50 minibuses and 500 buses into service.