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Valu kicks off EGP 2 bn securitization program + Fawry eyes consumer finance space
EFG Hermes’ consumer finance subsidiary Valu has kicked off its EGP 2 bnsecuritization program with a EGP 323 mn bond…
TONIGHT: EGX seems to be interested in SPACs too + Fawry to launch a consumer finance company ALSO: Read this satire on startup culture
Good afternoon, ladies and gentlemen, to an uncharacteristically slow September news day that was pierced by new capital markets regulations.…
Contact, Abou Ghaly to launch Abou Ghaly Finance
Consumer finance provider Contact Financial and Abou Ghaly Motors will join forces to launch Abou Ghaly Finance within the coming…
EKH to establish microfinance firm Bedayti by 4Q2021, eyes consumer finance
Egypt Kuwait Holding (EKH) plans to expand its footprint in financial services by establishing a microfinance firm called Bedayti during…
GB Auto gets FRA nod to expand consumer finance activities
GB Auto has landed final regulatory approval to launch new consumer finance activities for factoring arm Drive, according to a…
CI Capital could be saying goodbye to Souhoola
MARKET ROUNDUP- The EGX30 fell 0.9% at today’s close on turnover of EGP 1.23 bn (0% above the 90-day average).…
Mabrouk consumer finance players
Consumer finance providers are in line for an exemption from value-added tax (VAT), under an agreement the Financial Regulatory Authority…
CIRA, Beltone to provide education finance
Education outfit CIRA is giving parents whose children attend its schools tuition fee loans with a 12-month repayment period under…
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