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CBE gets c. USD 1 bn from Chinese Development Bank
The loan will help finance projects agreed upon in the Belt and Road Forum
EBRD could invest USD 40 mn in SPE Capital’s new North Africa-focused fund
The USD 350 mn fund will invest in mid-cap companies in Egypt, Morocco, and Tunisia
Suez Canal transit fee reductions for south west Africa ships. Plus: Banque Misr x Etisalat, NBE x MSMEs, NWFE x Climate Investment Fund, NWFE x French Development Agency
Suez Canal revenues are expected to hit a record USD 10.3 bn by the end of 2023
Cabinet renews upcoming Samurai issuance approval, renewable energy decisions
The Finance Ministry is prepping a USD 500 mn JPY-denominated bond issuance for next month
IDG-led consortium to sign MoU to develop Beni Suef dry port. PLUS: Jumia + Aman, Valu + EBI, Rakta + Al Ahly Pharos, Kima + Tecnimont
The port project could require some USD 500 mn according to a local news outlet
Egypt inks debt swap pact with China
Egypt currently owes about USD 8.2 bn to the Chinese
EBRD to lend USD 50 mn to copper manufacturer UMC
The loan will fund UMC’s FX liquidity for raw material imports
Four banks could receive EBRD loans to fund SMEs, green projects
The financing could be made available before the end of the year, according to a senior figure at the EBRD
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