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Egypt’s CIB plans to acquire a stake in an unnamed Kenyan bank
M&A WATCH- CIB plans to acquire a stake in a Kenyan bank: CIB’s board of directors agreed in principle to…
Banking
Ora Developers looking to borrow EGP 1 bn from six banks
Ora Developers is negotiating with six banks to borrow over EGP 1 bn to finance the first phase of its…
CBE grants HSBC, Emirates NBD license to use QR codes for e-payments
The Central Bank of Egypt has granted HSBC and Emirates NBD the e-admission license that uses QR Codes for enhanced…
National Bank of Egypt, NBK ask FinMin to guarantee USD 700 mn ANOPC loan
The National Bank of Egypt and the National Bank of Kuwait have requested letters of guarantee from the Finance Ministry…
Three banks to give Misr Italia EGP 650 syndicated loan
Misr Italia Real Estate Group is set to receive a syndicated loan worth EGP 650 mn from Al Ahli Bank,…
National Bank of Egypt to divest stakes in 5-6 companies by end of 2019
PRIVATIZATION WATCH- NBE to divest in 5-6 companies by year end, create opening for private sector investors: The National Bank…
Ebtikar to set up two consumer finance arms by year end
Ebtikar for Financial Investment is planning to set up two consumer finance arms by the end of the year, the…
France’s AFD considers EUR 190 mn loan for Tanta-Damietta railway upgrade
The Transport Ministry is in talks with the French Development Agency for a EUR 190 mn loan to finance upgrades…
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