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More leasing, please.
GlobalCorp Financial Services is in talks with seven banks to borrow at least EGP 1.4 bn to back its leasing…
EFG’s leasing and factoring ambitions
EFG Hermes Corp-Solutions plans to grow its leasing and factoring portfolio by EGP 3 bn in 2021, CEO Talal Elayat…
2020 was a slower year for microfinance
Microlending still grew in Egypt in 2020 — just at a slower rate than it did in the previous two…
Lending for MDs, merchants
Prime Fintech’s Endorsehas rolled out a financial leasing service geared towards physicians and other health professionals who want to open…
Who’s in the market for debt? EgyLease + Porto Group
Financial leasing company EgyLease is in talks for an EGP 200 mn loan from the National Bank of Egypt to…
Beltone to launch three NBFS firms next month, eyeing return to profitability
Beltone Financial Holding will set up three new non-banking financial companies in September in a bid to return to profitability,…
Prime Holding launches subsidiary Prime Fintech, reduces stake in AT Lease
Prime Holding has launched a fintech subsidiary, Prime Fintech, according to a press release (pdf). The new company comes as…
Egypt obtains EGP 200 mn SME grant from Saudi Arabia
KSA to give EGP 200 mn grant to five Egyptian MSMEs: Saudi Arabia will provide EGP 200 mn to finance…
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