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Soda ash cash
The government’s soda ash project is still a go: The state-ownedcompany leading a project to build a soda ash complex…
EBRD delivers on UMC’s USD 50 mn loan, mulls two loans to aiBank
The lender is weighing two loans to aiBank worth USD 35 mn for on-lending to agribusiness and green projects
Moody’s issues negative outlook for global banks
Moody’s blames slower growth and risk of borrowers defaulting for its outlook
CIB secures USD 148 mn in financing from AfDB to support SMEs
The African Development Bank (AfDB) has approved a USD 148 mn financial package for CIB, which will be used to…
United Bank stake sale could come sooner than we think + El Sisi checks on the economy
El Sisi “gave directives” for the ministers to “continue working on developing national economic programs
EBRD interested in acquiring stakes in United Bank, Banque du Caire
The European lender has lodged interest with the sovereign fund and is waiting for clarity about the size of the…
ASCOM acquires stake in Canadian gold producer. PLUS: News from Gold Era and NBE
ASCOM’s APM Investment Holding has sold its 35% stake in Kurmuk Gold Project
Fitch downgrades Egyptian banks’ operating environment score on ties to sovereign debt
Fitch estimates that about 50% of the total assets of Egypt’s banking sector are invested in government debt, creating a…
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