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EBRD mull funding Masdar-Infinity wind farm. PLUS: Simplex to open new factory, USAID + Banque Misr
The loan is for over half of the overall estimated cost of EGP 12 bn
Agthia wants to boost its exports out of Egypt. PLUS: News from TE, Vodafone, Huawei
Agthia’s exports from Egypt hit AED 24 mn in the first quarter of the year
Fresh investments into Masria Digital Payments. PLUS: News from Al Ahly Sabbour and Edita
MDP is in talks with five local and international investment funds over a USD 80-100 mn investment
Fitch upgrades four Egyptian banks’ credit rating outlook to positive
Fitch affirmed its B- rating for the four banks
IFC pledges USD 50 mn to support mid-cap companies in Africa
The IFC has also agreed to a local currency swap with Banque Misr
Banque Misr’s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita
MDI received preliminary approval last week from the Central Bank of Egypt to launch Onebank
Banque Misr’s MDI receives approval for digital banking license from CBE + CBE issues new ownership regulations
Those acquiring more than a 10% stake in a bank would have to request approval from the CBE 60 days…
MDI gets initial approval to launch Egypt’s first digital bank
Good afternoon, folks, and happy Thursday. Don’t forget to switch off your alarm clocks as the public and private sectors…
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