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Vodacom snaps up another 0.02% of Vodafone Egypt
CAPITAL MARKETS- Minority shareholders loath to part with Vodafone Egypt stakes: Vodacom is acquiring an additional 0.02% (49.5k shares) of…
New FRA regulations aim to help insulate ins. companies from credit risk of borrowers
FRA hands down new regulations controlling ins. against credit risks: The Financial Regulatory Authority (FRA) has issued new regulations designed…
State grain buyer GASC is getting into corn with first int’l tender
COMMODITIES- State grain buyer GASC is set to launch its first-ever corn tender on 19 January to purchase supplies from…
GB Auto agrees to sell 45% of its leasing business to Chimera Investments
GB Auto approves GB Lease stake sale: GB Auto’s board has approved plans to sell a 45% stake in GB…
FRA tightens controls on follow-on lending to SMEs
DEBT- State-owned Assiut National Oil Processing Company (ANOPC) secured a USD 2.9 bn loan to finance its new hydrocracking complex,…
Classera plans Egypt expansion
COMMODITIES- State grain buyer GASC reportedly purchased 80k tons of Russian wheat at USD 339 per ton for shipment in…
FRA eases borrowing limits on home loans
The FRA is easing credit limits for homebuyers: The Financial Regulatory Authority has loosened income requirements for mortgage lenders in…
THIS MORNING: Central bank announces exemptions for FX withdrawal limits
Good morning, good people: We’re continuing our 2022 rewind today, looking back at the year in M&A, investment and capital…
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