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Infrastructure 
EBRD, EU extend EUR 7.3 mn financing package to Farm Fresh
The European Bank for Reconstruction & Development (EBRD) and the EU have extended a EUR 7.3 mn financing package to…
Banking
Empower seeks USD 154 mn in funding from banks
Renewable energy company Empower is currently in talks with local and international banks for a USD 154 mn loan to…
Egypt’s FRA mulls licensing companies and intermediaries to act as SME lenders
The Financial Regulatory Authority (FRA) is studying issuing licenses to allow companies and financial intermediaries to extend loans to SMEs,…
Maait excludes several bodies from Egypt’s new mandatory e-payments system
Finance Minister Mohamed Maait has exempted some government bodies from complying with the e-payments system introduced on 1 May, the…
BdC to make EGP 200 mn in direct investments by end of 2019
Banque du Caire (BdC) is planning to invest a further EGP 200 mn into companies by the end of 2019,…
Egypt to issue USD 1 bn in one-year dollar-denominated bonds tomorrow
Egypt will issue USD 1 bn in one-year dollar-denominated treasury bills tomorrow, the Central Bank of Egypt has said. The…
Bank Audi to acquire NBG’s Egypt arm
M&A WATCH- Bank Audi to acquire NBG’s Egypt arm: Bank Audi will acquire National Bank of Greece’s Egypt arm, including…
CIB eyes expansion into Kenya
CIB eyes expansion into Kenya: CIB intends to enter the Kenyan market when it finds the right opportunity as part…
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