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State banks get plenty of funding from global lenders
Banque du Caire (BdC) signed a financing agreement worth USD 200 mn with the African Export-Import Bank (Afreximbank), chairman and…
Dongfeng plans to invest USD 12 mn in EV assembly with El Nasr
China’s Dongfeng has upped its planned investments in a plan to locally assemble EVs with El Nasr Automotive to USD…
CBE to issue regulatory framework for specialized banks by July?
Specialized banks could have a regulatory framework by July under proposed amendments to the newly passed Banking Act which would…
Evergrow mulls offering 40% stake in IPO
Egyptian fertilizer company Evergrow plans to offer a 40% stake in an IPO on the EGX in 2023, Chairman Mohamed…
UAE’s Dana Gas walks back on plans to offload Egypt assets
Sale of Dana Gas’ Egyptian assets breaks down: Abu Dhabi-listed energy producer Dana Gas has canceled plans to sell its…
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 7 April 2021
Things we’re keeping an eye on this morning: Our friends at Sodic now have a notary public office at its…
Sawari Ventures closes EGP 440 mn Egypt tech fund
Cairo-based VC firm Sawari Ventures has reached final close on its Egypt-focused tech fund, raising USD 28 mn (EGP 440…
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