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Qalaa looking at Africa, says ERC still in talks on debt restructuring
Qalaa Holdings is looking to expand its investments in African mining and energy firms, including in Tanzania, Mozambique and Ghana,…
EFG Hermes signs EGP 750 mn sale + leaseback agreement with MNHD
EFG Hermes’ leasing and factoring arm has signed an EGP 750 mn sale and leaseback agreement with Madinet Nasr for…
THIS MORNING: CBE extends pandemic fee cuts, tourism support measures + Anghami, Swvl in a race to see who SPACs first
Good morning, friends, and welcome to the final business week of 2021. We hope Santa Claus found you — and…
Egyptian Banking Institute named best training institute in MENA by CFI
The Egyptian Banking Institute (EBI) has been named the best financial training institute in MENA for 2021 by business journal…
Remittances up 1.5% in 1Q2021-2022
Remittances from Egyptians abroad were up 1.5% y-o-y to USD 8.1 bn in the first quarter of FY 2021-2022, the…
THIS MORNING: Ghazl El Mahalla’s subscription period will be announced this week; Russia vs. Nato showdown is still a thing; equities bounce back but omicron fears remain
Good morning, everyone, and happy Wednesday to you all. Just three more sleeps until (western) Christmas for the kids out…
CIB joins global banks in financial inclusion pledge
CIB signs on to UN financial inclusion initiative: Our friends at CIB are among the founding signatories of a UN-led…
More financing for SMEs + green projects
AUB is getting USD 82 mn to on-lend to SMEs + green projects: Ahli United Bank Egypt (AUB) will receive…
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