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What the markets are doing on 20 April 2021
GLOBAL M&A WATCH- UK competition watchdog to probe multi-bn acquisition of country’s most valuable tech business: The UK’s Competition and…
Mobile wallet users can now borrow + deposit under new regs
Mobile wallet users will soon be able to access loan and saving services in real time under new regulations (pdf)…
Slow vaccine rollout in Sub Saharan Africa threatens to plunge region into further poverty
Sub Saharan Africa’s economic recovery could lag behind the rest of the world as vaccine shortages and policy restrictions continue…
Al Ahly takes lion’s share of Egypt’s mortgage finance market
Al Ahly Mortgage Finance accounted for 34.4% of the country’s mortgage finance market in January and February 2021, with EGP…
Cabinet approves AfDB financing for wastewater utilities near Luxor
Egypt will be getting at least EUR 108 mn from the African Development Bank (AfDB) to install wastewater utilities in…
National Bank of Egypt profits drop 40% in 2019-2020
State-owned National Bank of Egypt’s net income declined 40% to EGP 13.1 bn in its 2019-2020 fiscal year, compared toEGP…
Also on our Radar on 13 April 2021
Things we’re keeping an eye on this morning: Ora Developers and Telecom Egypt have signed a cooperation agreement that will…
Egypt + MENA to face higher financing needs post-covid -IMF
Rising financing needs in Egypt and MENA could threaten the post-covid recovery — and limit the scope for fiscal spending…
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