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Egypt’s FRA mulls licensing companies and intermediaries to act as SME lenders
The Financial Regulatory Authority (FRA) is studying issuing licenses to allow companies and financial intermediaries to extend loans to SMEs,…
BANKING + FINANCE
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BANKING + FINANCE
Maait excludes several bodies from Egypt’s new mandatory e-payments system
Finance Minister Mohamed Maait has exempted some government bodies from complying with the e-payments system introduced on 1 May, the…
BdC to make EGP 200 mn in direct investments by end of 2019
Banque du Caire (BdC) is planning to invest a further EGP 200 mn into companies by the end of 2019,…
BdC to set up banking security company through employee fund
Banque du Caire is planning to set up a company specialized in banking security and money transfer services through its…
Madbouly urges opening of Banque Misr branch in Somalia
Prime Minister Moustafa Madbouly called for the opening of a Banque Misr branch in Somalia during a meeting with the…
Orascom Development Egypt renegotiates terms on 2016 syndicated facility
Samih Sawiris’ Orascom Development Egypt (ODE) has reached an agreement to amend the payment terms of a syndicated loan it…
NUCA agrees with Egyptian banks on EGP 6 bn loan
The New Urban Communities Authority (NUCA) has agreed with a banking consortium on a EGP 6 bn loan to meet…
CIB opens a commercial representative office in Addis Ababa
CIB has inaugurated a representative office in the Ethiopian capital Addis Ababa as part of its expansion plans in Africa,…
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