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B Investments to pump additional investments this year to microfinance subsidiary Vitas
B Investments plans to use some of the EGP 150 mn it will invest in SME finance subsidiary Ibtikar towards…
Banking
GB Lease targets EGP 3 bn in new contracts in 2018
GB Auto’s financing venture GB Lease is targeting EGP 3 bn in new contracts this year, Chairman Sherif Sabry tells…
Electricity Ministry in talks over USD 90 mn loan for UEEPC upgrade
The Electricity Ministry is in talks with fivel local banks over a USD 90 mn loan to finance grid maintenance…
Hany Tawfik resigns as CEO of Union Capital, Misr Venture Capital
Hany Tawfik has stepped down as CEO of Union Capital and Misr Venture Capital — the EGP 150 mn bailout…
Auerback Grayson to partner with Switzerland’s Mirabaud Securities
Beltone Financial’s New York-based brokerage subsidiary Auerbach Grayson & Company announced that it has partnered with the brokerage business line…
CIB to manage, facilitate Orange Egypt’s EGP 7 bn loan
CIB will manage and facilitate a EGP 7 bn loan that Orange Egypt is seeking to consolidate its existing debt…
Samcrete in talks with local banks for EGP 2.5 bn credit facility
Real estate developer Samcrete is in talks with local banks for a EGP 2.5 bn credit facility to finance the…
Eagle Advisers to advise on agrifoods IPO in 2018
Investment outfit Eagle Advisors is planning to advise on an IPO of an unnamed agrifoods company in 2018, in a…
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