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Banque Misr inks USD 100 mn loan agreement with JICA for SME lending
Banque Misr has signed a USD 100 mn financing agreement with the Japan International Cooperation Agency (JICA) and Sumitomo Mitsui…
What the markets are doing on 5 April 2021
Morocco’s debt is now rated junk after S&P downgraded the north African country’s long-term FX and local currency rating to…
FRA introduces new regulations on margin trading
The EGX30 fell 1.4% at today’s close on turnover of EGP 789 mn (45.2% below the 90-day average). Foreign investors…
Also on our Radar on 4 April 2021
Speed Medical’s (SPMD) board of directors signed off on acquiring Prime Speed Medical Services in a EGP 1.8 bn transaction,…
Egypt’s primary surplus puts it on track to sustainable debt strategy -World Bank
Egypt’s primary surplus heading into the pandemic helped cushion the blow to its public debt, despite higher debt levels that…
Cabinet approves new raises for civil servants
Public sector employees not covered by the Civil Service Act are officially in line for raises of 13% of their…
Tamweely is getting closer to a booster
Microfinance player Tamweely could soon secure a EGP 100 mn loan from the European Bank for Reconstruction and Development to…
ADQ reaches agreement to snag Amoun Pharma
Abu Dhabi’s sovereign wealth fund ADQ is acquiring 100% of Bausch Health’s unit in Egypt, Amoun Pharma, in a USD…
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