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ADIB Egypt receives license to set up microlender. PLUS: OPay wants a digital banking license, tenders for infrastructure and industrial projects
The lender wants to open 200 branches across the country
MNT-Halan subsidiary Tasaheel + Talaat Moustafa Group close securitizations
Tasaheel’s issuance is part of a wider EGP 13 bn securitization program
Beltone wants to acquire a local microfinance player
Beltone in July closed an EGP 10 bn capital increase
Reefy receives EBRD loan to support youth-led MSMEs
Reefy’s portfolio reached EGP 2.9 bn at the end of May
China’s Vivo begins producing local smartphones
Four international brands are now making smartphones here
New finance for Air Cairo + IFC support for microlenders
AfreximBank is lending USD 44 mn to help fund new planes for Air Cairo
FinMin announces temporary VAT exemption on imported machinery and equipment. PLUS: Microfirms can borrow more, new PwC center,
Ministry didn’t disclose how long the exemption will remain in place
Jinu Johnson appointed CEO of EFG Hermes’ Tanmeyah
Johnson has more than 20 years of experience in the banking sector
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