TRADE-
More than 60 Egyptian companies spanning multiple sectors are looking to set up a joint marketing firm in Ghana, with the aim of tripling Egypt’s exports to the West African country by the end of 2026, Chemical and Fertilizers Export Council head Khaled Abou El Makarem told Al Arabiya. The venture will promote a broad range of Egyptian products while potentially targeting other West African markets.
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Two consulting firms, one in Egypt and another in Ghana, have been tapped to conduct a market study to mark the best-fit sectors and products for the new entity, with findings expected in the coming weeks. Abou El Makarem said Ghana is “a very promising market” with an appetite for competitively priced Egyptian consumer goods, plastics, and paints, among other products.
INVESTMENT WATCH-
Cairo Capital Securities is set to open subscriptions for the first issuance of its newly launched Nile Fund for Industrial Investment in early 4Q 2025, Chief Investment Officer Shady Sharaf told Amwal Al Ghad. The country’s first industry-focused private equity vehicle targets EGP 2.5 bn in commitments as part of a planned four-issuance program worth EGP 10 bn, Sharaf added. Around 70% of proceeds from the first issuance are expected to be deployed by the end of 2026.
The fund will invest in minority stakes of 20-40% in industrial companies across the manufacturing, chemicals, food, and pharma sectors, with two acquisitions out of a 12-transaction pipeline set to close before year-end. Cairo Capital currently manages EGP 3 bn in assets across five investment funds and portfolios and aims to more than double its AUM to EGP 7.5 bn by 2026. There are no updates about the listing of the fund on the EGX, which was first announced in July.
NBFS-
The Financial Regulatory Authority (FRA) introduced Basel III-aligned solvency standards for non-banking financial services, the authority said in a statement. The update aims to strengthen the financial stability of companies by enhancing their ability to manage credit, operational, and market risks. Key changes include implementing a risk margin and countercyclical margin to better absorb economic shocks, revising operational risk calculations to cover the entire income statement, and adjusting short- and long-term liquidity ratios.
Companies must begin a pilot application of these new standards on 1 January 2026, with full implementation scheduled for 1 January 2027. The FRA’s stated goal is to create a more resilient non-banking financial sector, ensuring it can support the national economy and withstand future challenges.
DEBT-
IFC lends USD 50 mn to Suez Canal Bank: The International Finance Corporation (IFC) has approved a USD 50 mn loan to Suez Canal Bank to expand lending to MSMEs, with a focus on women-owned businesses, according to a disclosure on the IFC’s website. The five-year loan will be supported by the IFC’s Blended Finance Facility for Refugees and includes a USD 10 mn trade guarantee under the IFC’s Global Trade Finance Program.