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NACC begins talks with major banks for EGP 20 bn financing
The New Administrative Capital Company (NACC) has begun preliminary talks with a number of local banks to secure EGP 20…
BANKING + FINANCE
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BANKING + FINANCE
Aman in talks with four banks to increase credit portfolio to EGP 700 mn
Raya Holding’s microfinance arm Aman is in talks with four banks to increase its credit portfolio to EGP 700 mn…
Egypt’s CIT Ministry in talks with World Bank to provide e-lending to the youth
The CIT Ministry is in talks with the World Bank to provide electronic lending services to young borrowers in partnership…
BdC obtains USD 30 mn loan from Kuwait Fund
Banque du Caire (BdC) has secured a USD 30 mn loan from the Kuwait Fund for Arab Economic Development to…
Kharafi National signs EGP 750 mn syndicated loan with four Egyptian banks
Pan-Arabian infrastructure contractor Kharafi National has signed a syndicated loan agreement with four local banks led by SAIB Bank to…
NBG agrees to issue EUR 41.7 mn loan for Elsewedy Electric
The National Bank of Greece has agreed to issue a EUR 41.7 mn loan for Elsewedy Electric, it said in…
EFG’s valU to launch in Upper Egypt next quarter
EFG Hermes’ mobile app valU is planning to expand into Upper Egypt next quarter, starting with Minya and Assiut, CEO…
Egypt’s Elsewedy secures USD 100 mn loan from BM for Africa expansion plan
Elsewedy Electric has signed a USD 100 mn loan agreement with Banque Misr to finance expansion plans in Africa, sources…
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