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Foreigners eat up EGP 46.5 bn in T-Bills
Foreign holdings in Egyptian debt rose by EGP 46.5 bn in August to a total of EGP 277.3 bn since…
Banking + Finance
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EDB says still in talks with Afreximbank over joint cooperation framework, no credit facility agreement signed
The Export Development Bank (EDB) is in talks with the African Export-Import Bank (Afreximbank) to establish a joint cooperation framework…
EDB awaits central bank approval on USD 500 mn credit facility agreement with Afreximbank
The Export Development Bank (EDB) is waiting for the central bank’s approval on a USD 500 mn credit facility agreement…
EgyptAir in the market for a USD 870 mn loan to finance new fleet additions
EgyptAir is looking to borrow USD 870 mn from local banks to finance a portion of its planned purchase of…
Careem signs agreement with CIB to manage cash flow using Smart Wallet
Ride-hailing app Careem will be managing its cash inflows and payments using CIB’s Smart Wallet app under a new agreement…
SAIB in talks with EBRD for USD 20-30 mn loan
SAIB Bank is currently in talks with the European Bank for Reconstruction and Development for a USD 20-30 mn loan…
NBE planning on increasing stake in Mortgage Finance Fund
National Bank of Egypt (NBE) is planning on increasing their exposure to the CBE’s Mortgage Finance Fund to EGP 5…
Banque du Caire and The Export Development Bank join electricity loan consortium
Banque du Caire will contribute EGP 3 bn and the Export Development Bank a further EGP 1 bn to an…
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