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SCZone to borrow EGP 30 bn to fund green hydrogen infrastructure
Part of the loan will be denominated in USD to finance imported components
valU closes EGP 922 mn securitized bond issuance
The single-tranche issuance has a 12-month tenor and a Prime 1 rating
Egyptian banks could fund new logistics zones at East Port Said port. PLUS: News from Instapay, Banque Misr, the EMX, and the SCZone
The loan could go towards one of the port’s three logistics areas
Egypt’s future credit rating agency #2? PLUS: news from MidBank, Banque Misr, Egypt Air and more
The chairman of MGM Financial and Banking Consultants is partnering with investors to form a rating agency
National Bank of Egypt + Banque Misr report higher net income in 2022
Both lenders reported expansion of their loan book, despite sharply higher interest rates
Banque Misr’s MDI applies for digital banking license. PLUS: Cairo Metro Line 3, B.TECH + outsourcing
MDI is the first company to apply for a digital banking license
Reefy Microfinance issues EGP 700 mn in securitized bonds
The issuance was the first in a three-year, EGP 3 bn program
Al Ezz Dekheila Steel greenlights share buyback, EGX delisting
The government is offloading its entire stake in Al Ezz Dekheila
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