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African Development Bank joins consortium to fund Egypt’s new capital monorail
Egypt is in talks with a banking consortium comprised of the African Development Bank, the European Investment Bank, and the…
Banking + Finance
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Evergrow in talks with Egyptian banks to restructure EGP 8 bn in loans, facilities
Evergrow Specialty Fertilizers is in talks with a local banking consortium to restructure EGP 8 bn in loans and credit…
Dubai-based Mubasher Holding to seek custodian license in Egypt
Dubai-based Mubasher Holding plans to apply for a custodian license in Egypt after it last year obtained approvals from the…
CIB becomes first bank in Egypt to join Swift GPI initiative
CIB is the first bank in Egypt to join the Swift GPI initiative to facilitate traceable international payments, according to…
EFG Hermes to arrange EGP 1.5 bn in debt agreements next year
EFG Hermes plans to arrange debt issuances and agreements worth EGP 1-1.5 bn in 2020, co-head of investment banking Mostafa…
Cairo 3A looking for EGP 1 bn loan from Egyptian banks
Cairo 3A Poultry is in talks with local banks for a EGP 1 bn loan to finance its expansion plans…
CIB applies for authorized, paid-in capital increase
CIB submitted a request to the EGX on Monday to raise its authorized capital to 50 mn from 20 mn,…
IFC to invest USD 10 mn in electricity meter manufacturer Global Tronics
The International Finance Corporation (IFC) is considering a USD 10 mn equity investment in local electricity meters manufacturer Global Tronics,…
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