BdC to make EGP 200 mn in direct investments by end of 2019

Banque du Caire (BdC) is planning to invest a further EGP 200 mn into companies by the end of 2019, taking the total value of its portfolio to EGP 1 bn, head of investments Mohamed Ragai said. This will include a planned USD 5 mn capital increase in BdC majority-owned Cairo International Bank in Kampala and a USD 3 mn purchase of stakes owned by the National Bank of Egypt and Banque Misr in the same bank — which the central bank greenlit last month.