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Al Ahly Sabbour to invest EGP 5 bn in Keeva project
Al Ahly Sabbour is planning to seek a EGP 1 bn loan from local banks to finance its planned EGP…
Banking + Finance
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Marseilia Group to obtain EGP 1 bn loan from NBE to quickly finish projects
Marseilia Group is looking to arrange a EGP 1 bn loan from the National Bank of Egypt to accelerate the…
Beltone earmarks EGP 30 mn to establish SMEs arm
Beltone Financial is setting up a EGP 30 mn SME finance arm, Beltone SME, accordingto a regulatory filing (pdf). Beltone…
Fawry, National Bank of Egypt to begin distributing 43k PoS devices to stores
The National Bank of Egypt (NBE) and e-payments platform Fawry are rolling out 43k point of sale (PoS) devices in…
EBE to launch factoring arm with ECGE, NIB, National Bank of Egypt in 2Q2020
The Export Development Bank of Egypt (EBE) is planning to launch a EGP 50 mn factoring arm in 2Q2020, Board…
EFG Hermes’ ValU partners with PayFort to offer installment option for e-commerce
EFG Hermes’ installment payment solutions app ValU has partnered with Amazon’s PayFort to offer payment plans to e-commerce stores and…
NBE signs EGP 1 bn credit facility with Fiber Misr
The National Bank of Egypt (NBE) has signed a EGP 1 bn credit facility agreement with IT firm Fiber Misr,…
Cairo Housing signs EGP 580 mn loan with ADIB to finance Point 90 mall
The Cairo Housing and Development Company’s board of directors has approved a loan agreement with the Abu Dhabi Islamic Bank…
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