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Ownership shakeup at Coca-Cola Beverages Africa
PLUS- The Egyptian Anode Blocks Company’s Ain Sokhna plant kicked off trial operations following the completion of the first phase…
Gov’t raises its local debt target for October to EGP 845 bn
The increase was driven by strong investor appetite for treasury bills and bonds
CBE raises rates on subsidized mortgage initiatives for low- and mid-income borrowers
The new rates apply to fresh loans starting 15 October
More cement production licenses incoming?
PLUS- CIB is planning to apply for a digital banking license early next year
US banks to unlock USD 2.6 tn in lending capacity from deregulation push
Alvarez & Marsal estimates USD 140 bn in freed-up capital and a 35% boost to bank earnings
Gov’t mulls low-interest financing for home buyers
The Real Estate Developers Chamber proposed rates between 8-12% depending on property size
Foreign reserves increase to USD 49.5 bn in September
PLUS- Amseo Medical Industries plans to invest EGP 1.2 bn by the end of this year to expand production
Fresh updates on Zafarana repowering project
PLUS- India’s BMEC Imaging will establish a USD 4.5 mn medical manufacturing and remanufacturing facility in Egypt
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