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EKH to establish microfinance firm Bedayti by 4Q2021, eyes consumer finance
Egypt Kuwait Holding (EKH) plans to expand its footprint in financial services by establishing a microfinance firm called Bedayti during…
Tamweely could be in line for a total of EGP 500 mn in loans from local, foreign institutions
Microfinance player Tamweely is in talks with a syndicate of three local banks to obtain EGP 300 mn finance in…
Raya’s Aman to tap debt market this year
Raya Holding subsidiary Aman intends to issue EGP 500 mn of securitized bonds before the end of 2021, a source…
And Egypt’s first microleasing license goes to...
Tasaheel acquires Egypt’s first microleasing license: Micro lender Tasaheel was today granted the first license for microfinance leasing in the…
Jumia to hire 100+ workers for new Cairo tech hub
Jumia will hire more than 100 workers at its new Cairo tech hub as part of the Africa-focused e-commerce giant’s…
Edita borrows EGP 150 mn from Credit Agricole for new production line
Edita is taking out a seven-year EGP 150 mn facility from Credit Agricole to finance its new baked goods production…
New state registry for financial intermediaries
Some things we’re keeping an eye on this morning: All financial intermediaries, including brokers, financial advisors, underwriters and the like,…
Kudos: Tamweely Microfinance recognized at 2021 Global Economics Awards
KUDOS- Tamweely Microfinance was recognized as the fastest growing microfinance company at the 2021 Global Economics Awards, the company said…
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