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Banque Misr to establish new micro-financing arm
Banque Misr is planning to establish a new micro-financing arm to the government’s financial inclusion strategy and also expand its…
Banking + Finance
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Brokerages can keep electronic five-year client records
Financial Regulatory Authority (FRA) Vice Chairman Khaled El Nashar appears to have promised brokerages that it will allow them to…
CBE to launch initiative for idle factories within a week
The Central Bank of Egypt will launch an initiative within the week to help idle factories restructure their debts and…
AAIB, KfW’s SANAD fund launch JV microfinance startup SANDAH
The Arab African International Bank (AAIB) and German development bank KfW’s SANAD fund launched their JV microfinance startup, SANDAH, CEO…
FRA grants Raya Holding’s Aman micro financing license
The Financial Regulatory Authority (FRA) has granted Raya Holding’s SME financing subsidiary Aman the license to launch micro financing activities,…
Sarwa Capital to invest EGP 200 mn to establish insurance companies
Sarwa Capital is planning to establish two separate life and insurance companies, each of which will have a capital of…
Banque Misr taps international bank to manage USD 500 mn loan
Banque Misr has hired an international bank to manage a USD 500 mn loan it’s looking to secure from international…
EEHC to raise USD 700 mn syndicated loan
The Egyptian Electricity Holding Company is working on raising a USD 700 mn syndicated loan with Credit Suisse and HSBC,…
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