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Aman Financial Services issues securitized bonds, GlobalCorp plans new issuance
New issuances are up more than 2x on last year in EGP terms
Snackmaker Edita plans to more than double capex in 2023
That doesn’t include an extra EGP 400 mn investment in newly acquired Fancy Foods
Reefy receives EBRD loan to support youth-led MSMEs
Reefy’s portfolio reached EGP 2.9 bn at the end of May
China’s Vivo begins producing local smartphones
Four international brands are now making smartphones here
New finance for Air Cairo + IFC support for microlenders
AfreximBank is lending USD 44 mn to help fund new planes for Air Cairo
FinMin announces temporary VAT exemption on imported machinery and equipment. PLUS: Microfirms can borrow more, new PwC center,
Ministry didn’t disclose how long the exemption will remain in place
Jinu Johnson appointed CEO of EFG Hermes’ Tanmeyah
Johnson has more than 20 years of experience in the banking sector
Nine local firms make FT list of Africa’s fastest-growing companies
Egyptian firms represent 9% of the application-based list.
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