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Egyptian banks launch EGP 1 bn fintech fund
State-owned banks launch EGP 1 bn+ fintech fund: Several state-owned banks will next month join forces to launch a fund…
TONIGHT: Sisi inaugurates world’s largest wastewater plant + Flat6labs raises USD 7 mn in second close of Anava
The EGX30 is down 1.4% today as global energy shortages and supply chain disruption dominate the conversation in the local…
Ezdehar’s second fund to reach USD 100 mn first close in November
Private equity outfit Ezdehar expects to reach first close on its second fund by November, founder and Managing Director Emad…
CIB to represent Africa on UN’s Net-Zero Banking Alliance steering group
CIB will represent Africa on the steering committee of the UN’s Net-Zero BankingAlliance, a group of 55 financial institutions set…
CIRA to borrow EGP 260 mn to fund capex
CIRA will borrow EGP 260 mn from an undisclosed Egyptian bank to fund upcoming projects, it announced in a bourse…
Banque Misr wants to launch its digital bank in 1Q2022
Banque Misr plans to launch Egypt’s first digital bank during 1Q2022, the bank’s Vice Chairman Akef El Maghraby told Masrawy.…
Banque Misr borrows USD 1 bn from int'l syndicate
Banque Misr has obtained a syndicated loan worth about USD 1 bn,the bank announced in a statement (pdf). The three-year…
Lighthouse Education weeks away from EGP 500 mn first close
Education investment fund Lighthouse Education is only weeks away from its first close of EGP 500 mn, Lighthouse Managing Director…
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