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Global Lease to borrow USD 10 mn from EU-based funds to diversify sources
Global Lease is planning to borrow USD 10 mn from two unnamed European lenders this year to diversify its financing…
Banking + Finance
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CBE directs banks to provide facilitated loans to Egypt’s farmer cooperatives
The Central Bank of Egypt (CBE) has instructed commercial banks to begin extending facilitated loans to Egypt’s farmers, according to…
GB Lease in talks with banks for EGP 800 mn loan
GB Lease is in talks with banks to get an EGP 800 mn loan to increase liquidity and finance operations,…
AT Lease to launch new factoring and SMEs leasing operations before year-end
Al Tawfeek Leasing (AT Lease) will launch before year-end factoring and SME-targeted leasing operations, according to a press release (pdf).…
Banque du Caire’s Cairo Leasing Company in talks for EGP 450 mn loan
Banque du Caire’s financial leasing arm, Cairo Leasing Company, is in “intensive talks” with two unnamed banks to borrow EGP…
CIB shareholders approve EGP 1/share 2018 dividend
Leading private sector bank CIB’s shareholders approved a dividend payout of EGP 1 per share, the lender said in a…
Elsewedy Electric BoD signs off on USD 150 mn Afreximbank credit facility
The board of directors of Elsewedy Electric has approved signing a USD 150 mn loan agreement with the African Export–Import…
Banque Misr agrees to give Vodafone Egypt EGP 4.5 bn in credit facilities
Banque Misr has agreed to give Vodafone Egypt EGP 4.5 bn in credit facilities that will be used to fund…
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