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What do companies want from their banks?
Businesses want banks to take on more risk and offer more diverse products in challenging times
Contact Financial closes EGP 1.5 bn securitized bond issuance
Contact Financial Holding has closed an EGP 1.5 bn securitized bond issuance for subsidiaries in its consumer finance portfolio, including…
IFC could greenlight funds for East Port Said port expansion this month
The expansion of the terminal falls under Maersk’s USD 500 mn development plans for the East Port Said port
Al Ahly Tamkeen Microfinance closes EGP 707 mn bond issuance
The issuance brings the total value of securitized bonds issued in Egypt so far this year to EGP 55.2 bn
Nearly a fifth of our external debt is due next year
Egypt to pay USD 29.2 bn in debt dues during 2024
Snackmaker Edita lands USD 45 mn loan from the IFC to fuel growth
The loan will support the company’s working capital, fund fresh capex, and help it settle a previous loan from the…
Bond sell-off accelerates, sending yields to “unthinkable” highs -Bloomberg
Higher yields in advanced economies isn’t good news for Egypt
China to lend Egypt USD 400 mn for electric light rail train
The Export-Import Bank of China (China Eximbank) is lending Egypt USD 400 mn to finance the third phase of the…
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