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FEB proposes easing requirements on mobile microtransactions
The Federation of Egyptian Banks (FEB) proposed that the central bank ease know-your-client protocols for mobile microtransactions in a bid…
Banking
Export Development Bank, Afreximbank, ECGE to sign USD 500 mn agreement
The Export Development Bank of Egypt, African Export-Import Bank (Afreximbank), and the Export Credit Guarantee Company of Egypt are going…
United Bank planning to invest more than EGP 1 bn in agriculture, renewable energy, fertilizers, and real estate
The United Bank of Egypt is planning to invest more than EGP 1 bn in the coming period in four…
Sphinx Private Equity looks to acquire four manufacturing companies
Sphinx Private Equity Management is looking into acquiring majority stakes in four unnamed manufacturing companies through a new USD 90…
Banque Misr closing in on USD 500 mn facility from EIB, eyes a further USD 500-600 mn
Banque Misr plans to sign for a USD 500 mn loan from the European Investment Bank during the Business for…
Another delay in launch of Acumen-BPE’s real estate fund
Acumen-BPE Partners will begin marketing the Housing and Development Bank’s EGP 1 bn real estate fund in early 2018, after…
Banque Misr abandons plans to establish independent mortgage finance arm
Banque Misr appears to have abandoned its plan to establish an independent mortgage financing arm, which Chairman Mohamed El Etreby…
Solid Capital to submit a request for brokerage license before year’s end
Solid Capital is planning to submit a request to the Financial Regulatory Authority for a brokerage license before the end…
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