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EBRD confirms it’s lending the National Bank of Egypt USD 100 mn for SMEs
EBRD confirms it’s lending the National Bank of Egypt USD 100 mn for SMEs: The European Bank for Reconstruction and…
AFD’s Proparco provides USD 20 mn finance facility to T&C Garments
DEBT WATCH- Proparco has extended a USD 20 mn finance facility to T&C Garments, an Egyptian-Turkish JV specialized in manufacturing…
Senior execs in MENA are optimistic about Egypt even as they brace for a sharp global slowdown
Senior execs in MENA are optimistic about Egypt even as they brace for a sharp global slowdown: Senior executives from…
Mohamed El Saadawi in pole position to succeed Nafea as MIH chairman
MOVES- Mohamed El Saadawi, head of the Egyptian Ferro Alloys Company (EFACO), is likely to succeed Medhat Nafea as chairman…
Cleopatra Hospitals profits up 60% in 1Q2020
EARNINGS WATCH- Cleopatra Hospitals Group reported a net profit of EGP 88 mn in 1Q2020, up 60% from EGP 55.1…
Egyptian fintech startup MoneyFellows raises USD 4 mn in series A round
STARTUP WATCH- Egyptian fintech startup MoneyFellows has raised USD 4 mn in series A funding from Sawari Ventures and Partech,…
Cabinet ratifies 12 international oil and gas agreements
Cabinet has ratified twelve oil and gas agreements the Oil Ministry signed with international companies in February, the ministry said…
Rawaj to recall EGP 226.5 mn of securitized bonds to benefit from falling interest
DEBT WATCH- AIH’s Rawaj to recall EGP 226.5 mn of securitized bonds to benefit from falling interest: Rawaj Finance is…
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