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FRA announces guidelines to encourage responsible SME lending
The Financial Regulatory Authority (FRA) has set out responsible lending principles for non-bank SME financing products, according to a statement…
Gov’t ups local wheat purchase targets by over 10% y-o-y
Egypt to buy 4 mn tonnes of local wheat this season: Egypt plans to purchase 4 mn tonnes of wheat…
Fawry looks to partner with local bank on prepaid cards
Fawry is looking to partner with a local bank to issue prepaid cards soon, Al Mal reports CEO and founder…
GlobalCorp, Tamweel close securitized bond offerings
GlobalCorp issued the first EGP 985 mn tranche of a EGP 5 bn securitized bond program, the non-bank lender announced…
CI Capital pushing into the private healthcare sector
CI Capital is staking its claim in Egypt’s healthcare sector with a bid to acquire more than a quarter of…
State institutions ❤️ Planet Startup
Egypt’s biggest state-owned banks are planning to launch a new fund to invest in fintech startups before the end of…
CIRA to borrow EGP 375 mn for capex spending + EgyLease closes securitized bond issuance
EGX-listed education outfit CIRA is borrowing EGP 375 mn from Ahli United Bank to finance fresh investments, the company said…
More green finance for SMEs, courtesy of the EBRD
Banque Misr in line for more EBRD climate financing: The European Bank for Reconstruction and Development (EBRD) could soon sign…
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