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Citibank could be on board to finance renewable energy, green hydrogen projects in Egypt
Citi to finance power projects? Citibank could provide financing for renewable energy, desalination, and green hydrogen projects in Egypt, the…
Contact Cars acquires Sa3ar
Egyptian auto marketplace Contact Cars has acquired car e-commerce platform Sa3ar for an undisclosed sum, the company announced (pdf) yesterday.…
There was a bunch of news on the non-bank lending front yesterday
A lot of news related to non-bank lending landed yesterday. Here’s a snapshot: The Central Bank of Egypt (CBE) and…
Suez Canal Bank and AAIB submit offers for 90% of Valu’s maiden securitized bond issuance
Two banks want almost all of Valu’s securitized bond issuance: The Suez Canal Bank and the Arab African International Bank…
Valu kicks off EGP 2 bn securitization program + Fawry eyes consumer finance space
EFG Hermes’ consumer finance subsidiary Valu has kicked off its EGP 2 bnsecuritization program with a EGP 323 mn bond…
TONIGHT: EGX seems to be interested in SPACs too + Fawry to launch a consumer finance company ALSO: Read this satire on startup culture
Good afternoon, ladies and gentlemen, to an uncharacteristically slow September news day that was pierced by new capital markets regulations.…
Contact, Abou Ghaly to launch Abou Ghaly Finance
Consumer finance provider Contact Financial and Abou Ghaly Motors will join forces to launch Abou Ghaly Finance within the coming…
TONIGHT: Egypt is the second hottest M&A market for Middle East investments + Fed taper delay gives global markets a boost. ALSO: It’s 80s night on the tube this week.
Good afternoon, ladies and gentlemen, and welcome to a stacked day of business and finance news both foreign and domestic.…
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