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Sovereign Fund eyes controlling stake in e-Finance
SFE eyeing controlling stake in e-Finance ahead of its IPO? The Sovereign Fund of Egypt is reportedly in negotiations to…
Bank ABC isn’t yet buying Blom’s ins. arm
Bank ABC could be getting majority stakes in Blom Bank subsidiary AropeIns. Egypt, Hapi Journal reports, citing unnamed sources with…
2020 was a good year for Egypt’s fintech scene
Fintech flourished in Egypt in 2020 despite covid-19’s negative impact on funding, writes Citibank’s Vice President of Europe, the Middle…
Slow tourism recovery will weigh on GDP this year, but we’ll bounce back
Egypt’s economy will grow 2.4% this fiscal year “amid sluggish global tourism recovery and weak domestic demand,” but will accelerate…
CDC plans USD 1 bn investments for Africa, including Egypt
CDC Group is earmarking some USD 1 bn for infrastructure and finance investments in Africa in 2021, with a particular…
Premium International closes EGP 170 mn securitized bond issuance
Consumer finance firm Premium International closed the fourth single-tranche EGP 170 mn tranche of its EGP 2 bn short-term securitized…
Egypt’s banks to remain stable in 2021 -Moody’s
The Egyptian banking system will remain stable in 2021 even as bottom lines “come under pressure” from rising loan losses…
The Great Lebanese Bank Sell Off: Act II
FAB is acquiring Bank Audi’s Egypt arm: First Abu Dhabi Bank (FAB) has signed a final agreement to acquire 100%…
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