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AAIB looks for partners in EGP 2.1 bn syndicated loan for MNHD
The Arab African International Bank (AAIB) has approached several local banks to contribute to a EGP 2.1 bn loan it…
BANKING + FINANCE
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BANKING + FINANCE
Prime Holding to launch its consumer financing arm in March
Prime Holding will launch its consumer financing arm by March 2020, recently-appointed CEO Mohamed Maher told the local press. The…
Prepaid card market in Egypt to grow by 18.2% by 2023
Egypt’s prepaid card market is expected to grow at a compound annual rate of 18.2% by 2023, after growing 24.1%…
Bank Audi could invest alongside Egypt’s SWF
Bank Audi yesterday discussed potential investments with the Sovereign Fund of Egypt, Al Mal reports, without providing further details. The…
Evergrow to receive USD 150 mn loan to restructure debts
Egyptian fertilizer manufacturer Evergrow has reached an agreement with four local banks for a USD 150 mn loan to restructure…
Innoventures launches EGP 100 mn tech startup investment fund
Innoventures has established a EGP 100 mn investment fund to invest in local tech startups, partner Rafik Dalala told Al…
FRA could lower admission fees for new Federation for Securities
The Financial Regulatory Authority (FRA) is mulling reducing the EGP 25k admission fee for the newly-launched Federation for Securities to…
Al Baraka Bank Egypt looks to acquire USD 400 mn loan from foreign lenders
Al Baraka Bank is in talks with foreign lenders for a USD 400 mn loan, CEO Ashraf El Ghamrawy tells…
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