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Banks roll out high interest rate CDs, ease currency controls on credit cards
The parallel market is “on its way to disappearing completely,” Banque Misr Chairman Mohamed El Etreby said
EKH wants in on the state’s privatization program. PLUS: Sawari Ventures USD 150 mn fund, Evolve gold investment fund, Fincart KSA HQ, Tamar ups production, Marakez loan
EKH also wants to set up electricity distribution stations under build-own-transfer agreements with the government
Beko’s appliance factory gets EBRD funding. PLUS: Centamin has big plans for Egypt
Beko’s home appliances factory is expected to produce 1.1 mn appliances a year
Savers pour EGP 471 bn into high-yield CDs. PLUS: Mining tender + subsea cable incoming.
Savers have poured some EGP 305 bn in CDs with NBE and EGP 166 bn with BM’s
THIS EVENING: EMRA to issue a new mining tender in March
Good afternoon, wonderful people. It’s the last few hours of the week before we (happily) jump headfirst into the first…
B2Gold is looking to sell gold exploration licenses to Lotus Gold. PLUS: Heliopolis Housing multi EGP bn land purchase, Egyptian National Railways loan
B2Gold is pivoting away from Egypt to focus on its operations in South Africa
Beltone to manage new gold investment fund Beltone Evolve Gold
The fund aims to raise EGP 10 mn by offering 100k certificates at a nominal value of EGP 100 apiece
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