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Egypt’s CIB plans to acquire a stake in an unnamed Kenyan bank
M&A WATCH- CIB plans to acquire a stake in a Kenyan bank: CIB’s board of directors agreed in principle to…
National Bank of Egypt to divest stakes in 5-6 companies by end of 2019
PRIVATIZATION WATCH- NBE to divest in 5-6 companies by year end, create opening for private sector investors: The National Bank…
France’s AFD considers EUR 190 mn loan for Tanta-Damietta railway upgrade
The Transport Ministry is in talks with the French Development Agency for a EUR 190 mn loan to finance upgrades…
EIB considers EUR 90 mn loan for Tanta-Damietta railway upgrade
The European Investment Bank (EIB) is looking at extending a EUR 90 mn loan to the government to upgrade the…
EBRD plans to extend USD 400 mn to Egyptian banks to lend to SMEs
The European Bank for Reconstruction and Development (EBRD) could extend USD 400 mn in loans to unnamed local banks to…
Digital currencies are now on the agenda for many central banks
Cryptocurrencies are now firmly on the radar of central banks: Facebook’s controversial plans to launch its Libra cryptocurrency has “spooked”…
Central Bank of Egypt’s Amer promotes reform journey in IIF speech
Egypt’s banking sector has a lot of upside potential — and the way forward is to continue enacting structural reforms,Central…
Credit Agricole to increase Egypt branches by 25% by end of 2022
Credit Agricole plans to expand the number of branches by 25% by the end of 2022, Managing Director Pierre Finas…
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