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UK-based fintech JUMO looks to open its doors in Egypt
South Africa and London-based fintech company JUMO is considering an expansion into Egypt, CEO Andrew Watkins-Ball told the Financial Times.…
More Egyptian companies have the green bond bug + “green incentives” coming for the private sector
Egypt’s private sector is preparing to take to market USD 120-200 mn in corporate green bonds, Planning Minister Hala El…
NBE wants to borrow USD 1.5 bn from int’l lenders in 2022
The National Bank of Egypt (NBE) is in the market to borrow USD 1.5 bn from international institutions next year,…
Egypt leaves rates on hold as CBE eyes Fed taper, inflation,
The Central Bank of Egypt (CBE) left interest rates on hold for an eighth consecutive meeting on Thursday amid rising…
THIS MORNING: COP26 starts tomorrow; GCC v Lebanon; Gas prices in Europe ease; Facebook is hoping a rebrand will make their problems go away.
Happy Halloween, boys and girls — and welcome to the final business day of October. The first week of November…
IMF wants receipts on pandemic loans
The IMF is coming for receipts from pandemic-related loans, and the numbers aren’t adding up. From misappropriated funds in at…
Telecom Egypt secures USD 500 mn loan from international banks
Telecom Egypt has signed a USD 500 mn medium-term loan agreement with a syndicate of 11 international banks, the company…
Fitch Ratings affirms Egypt’s long-term FX issuer default rating at B+; outlook stable
Fitch Ratings affirmed Egypt’s long-term foreign-currency issuer default rating (IDR) at ‘B+’ with a stable outlook on Wednesday. The rating…
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