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Intesa Sanpaolo buys back IFC’s stake in Alexbank
M&A WATCH- IFC offloads 9.75% stake in Alexbank: The International Finance Corporation has sold its 9.75% stake in Bank of…
Fawry receives CBE approval for bank transfer service
Fawry gets CBE nod to partner with state-owned bank for transfer service: E-payments platform Fawry has received preliminary approval from…
Empower Egypt looks to produce fertilizer, energy from sugar beet waste
Waste-to-energy company Empower is close to signing agreements worth a combined EGP 350 mn with three unnamed sugar beet processing…
Alexbank signs USD 100 mn agreement with EBRD to finance SMEs
Alexbank lands USD 100 mn EBRD loan for SME finance: Alexbank has signed a cooperation agreement worth USD 100 mn with…
Fawry in talks to set up bank transfer service for Egyptians in GCC
E-payments platform Fawry is in talks with local and regional banks to set up a bank transfer service for Egyptians…
CBE grants HSBC, Emirates NBD license to use QR codes for e-payments
The Central Bank of Egypt has granted HSBC and Emirates NBD the e-admission license that uses QR Codes for enhanced…
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