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Al Baraka Bank Egypt looks to acquire USD 400 mn loan from foreign lenders
Al Baraka Bank is in talks with foreign lenders for a USD 400 mn loan, CEO Ashraf El Ghamrawy tells…
Banking + Finance
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Vitas Microfinance to extend EGP 300 mn loans to SMEs in 2020
Vitas Misr for Microfinance, a subsidiary of B Investments’ Ebtikar, is planning to extend EGP 300 mn in loans to…
Bank Audi to loan EGP 2 bn to SMEs to achieve 20% portfolio target
Bank Audi is planning to loan EGP 2 bn to small and medium-sized businesses by the end of next year…
National Bank of Egypt seeks CBE's approval to establish a digital bank next year
The National Bank of Egypt is seeking approval from the Central Bank of Egypt to establish a digital bank in…
AfDB allocates USD 1.5 bn to four Egyptian companies
The African Development Bank Group (AfDB) has agreed to provide USD 1.5 bn in financing to four Egyptian companies to…
Egypt’s CI’s asset management arm to manage SAIB-ADIB EGP 30 mn fund
CI Capital’s asset management arm was awarded a contract to manage a EGP 30 mn fund jointly set up by…
Banque Misr signs agreement with E-Finance to provide financial services to the agricultural sector
Banque Misr has signed an agreement with Egyptian fintech firm E-Finance to provide financial services to the agricultural sector and…
Egypt’s NBFS watchdog to issue nano lending licenses soon
The Financial Regulatory Authority (FRA) has received two applications from unnamed microfinance companies looking to obtain a license to to…
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