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Egypt’s CBE extends loan grace period for Sinai tourism investors by one year
CBE Governor Tarek Amer has granted a one-year extension to the grace period for outstanding loans South Sinai tourism investors…
BANKING + FINANCE
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BANKING + FINANCE
Hermes’ valU starts Red Sea pilot run
EFG Hermes’ valU, which offers payment-on-instalment services via a mobile app, has begun operating in Hurghada on a trial basis,…
United Bank considers providing online options for microfinance unit
The United Bank of Egypt is considering offering funding to micro projects through its online banking tools, Vice President Nevine…
Banque du Caire looking to borrow USD 100 mn from int’l institutions
Banque du Caire is in talks for a USD 100 mn facility from international institutions during the first quarter of…
Orascom Investment approves USD 170 mn loan from Afreximbank
Orascom Investment Holding’s board of directors has approved a USD 170 mn facility from the African Export-Import Bank (Afreximbank), it…
Hermes’ ValU to launch new installment scheme for Swvl drivers soon
EFG Hermes’ ValU, which offers payment-on-installment solutions via a mobile app, is cooperating with mass transit app Swvl to soon…
EFG Hermes Leasing planning EGP 300 mn securitized bond issuance this week
EFG Hermes Leasing is planning to make a EGP 300 mn securitized bond issuance “in the coming days,” EFG Hermes…
EBRD approves USD 24 mn loan for Andalusia Group
The European Bank for Reconstruction and Development (EBRD) has approved granting a USD 24 mn loan for healthcare provider Andalusia…
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