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Aman for Microfinance plans to double capital to EGP 100 mn by year-end
Raya Holding’s Aman for Microfinance is planning to double its capital by year-end to EGP 100 mn, Aman’s CEO Ahmed…
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Suez Canal Authority agrees with FinMin to pay off debts to state-owned banks
The Suez Canal Authority (SCA) has reportedly reached an agreement with the Finance Ministry that will see the ministry paying…
AAIB in talks with banks to arrange EGP 1 bn joint loan for Middle East Glass
The Arab African International Bank (AAIB) is looking to arrange a EGP 1 bn joint loan for EGX-listed Middle East…
Egypt’s banks to roll out Meeza debit cards in April to bank account holders
Local banks will begin rolling out state-backed “Meeza” debit cards in April to bank account holders, according to Al Mal.…
Global Lease to borrow USD 10 mn from EU-based funds to diversify sources
Global Lease is planning to borrow USD 10 mn from two unnamed European lenders this year to diversify its financing…
CBE directs banks to provide facilitated loans to Egypt’s farmer cooperatives
The Central Bank of Egypt (CBE) has instructed commercial banks to begin extending facilitated loans to Egypt’s farmers, according to…
SIDPEC propylene factory to be 70% financed through debt from Egypt banks
Sidi Kerir Petrochemicals’ (SIDPEC) new propylene and polypropylene plant in Alexandria will have a 70:30 debt-to-equity ratio, the company said…
What we’re tracking on 18 March 2019
It’s another quiet news day here at home — not that there’s anything wrong with that, as a brilliant show…
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