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What we’re tracking on 25 March 2020
The biggest news of the day: A daily curfew from 7pm-6am goes into effect this evening for at least two…
Beltone earmarks EGP 30 mn to establish SMEs arm
Beltone Financial is setting up a EGP 30 mn SME finance arm, Beltone SME, accordingto a regulatory filing (pdf). Beltone…
Major international bank seeks entry into Egypt
Major international bank seeks entry into Egypt: An unnamed “major” international bank has approached the Central Bank of Egypt (CBE)…
Hardhat: East Port Said Industrial Zone
In this week’s edition of Hardhat, Enterprise had a chat with East Port Said Development’s (EPD) commercial director Shahira El…
Egypt’s central bank studying plan to hedge against bank investments in SMEs
CBE studying plan to hedge against bank investments in SMEs: The Central Bank of Egypt (CBE) and its newly established…
Central Bank of Egypt amends its initiative to ease debt relief procedures
CBE eases debt repayment terms for financially distressed companies: The Central Bank of Egypt (CBE) will renegotiate debt repayment terms…
What we’re tracking on 24 February 2020
THE STORY OF THE DAY- The covid-19 virus appears to have become aglobal pandemic: Italian cities are on lockdown, Iran…
BdC in talks with EIB to on-lend EUR 90 to Egyptian SMEs
Banque du Caire (BdC) is in talks with the European Investment Bank to open a EUR 90 mn credit line…
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