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African Development Bank mulls USD 500 mn loan to reduce budget deficit
The African Development Bank is considering providing a USD 500 mn loan to Egypt to help plug the budget deficit…
Banking + Finance
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Five banks launch electronic payment of mortgage installments
Five banks began on Sunday collecting mortgage payments electronically under the Central Bank of Egypt (CBE) and Mortgage Finance Fund’s…
Corplease plans EGP 2 bn securitized bond issuance
CI Capital’s Corplease is planning a EGP 2 bn securitized bond issuance in early 2020 to finance local expansion, sources…
Fawry in talks to set up bank transfer service for Egyptians in GCC
E-payments platform Fawry is in talks with local and regional banks to set up a bank transfer service for Egyptians…
Egypt’s e-Finance to increase subsidiary e-payments transactions to 2.7 bn by 2024
State-owned e-Finance aims to increase the number of electronic payment transactions carried out through its subsidiary ‘Khales’ to 2.7 bn…
CIB launches a full financing program for SMEs
CIB has launched a financing program tailored specifically for SMEs, according to AlMal. The program offers medium- and long-term investments…
FRA approves Beltone Financial capital increase to pay off OIH debt
The Financial Regulatory Authority (FRA) has approved Beltone Financial’s planned capital increase to EGP 898 mn from EGP 338 mn…
FRA approves EFG’s request to suspend bond trading arm
The Financial Regulatory Authority (FRA) has approved a request from EFG Hermes’ to suspend for one year one of its…
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