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Government cancels sale of five-year treasuries on Monday
Egypt canceled its sale of five-year t-bills at an auction on Monday, according to CBE data. This was reportedly due…
BANKING + FINANCE
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BANKING + FINANCE
Fawry planning EGP 400 mn expansion in coming 18 months
E-payments platform Fawry is planning a EGP 400 mn expansion over the next 18 months of its online payment network…
Finance Ministry plans to issue EGP 371 bn in 1Q2017-18
The Finance Ministry will issue treasuries worth EGP 371 bn in 1Q2017-18, according to the Finance Ministry’s schedule for T-bill…
Banks attract USD 30 bn since EGP float -source
The Egyptian banking system attracted USD 30 bn since the start of the EGP float as of the end of…
Central bank sold USD 713.1 mn in USD T-bills
The central bank sold USD 713.1 mn in one-year USD-denominated treasury bills yesterday, Reuters reports. Foreign and local financial institutions…
SME Development Authority secures EGP 25 mn funding for Reefy
The SME Development Authority signed a contract to provide micro-enterprise finance services company Reefy with EGP 25 mn from the…
NBE hikes interest rates on CDs and savings accounts
The National Bank of Egypt (NBE) raised interest rates on its short-term certificates of deposit by 100 bps to 7.5%…
CBE, EFSA to conduct study on financial inclusion in Egypt
Central bank Governor Tarek Amer signed an agreement to conduct a study on financial inclusion in Egypt with Egyptian Financial…
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