{"id":599341,"date":"2019-06-25T04:00:06","date_gmt":"2019-06-25T04:00:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/egypts-elsewedy-secures-usd-100-mn-loan-from-bm-for-africa-expansion-plan\/"},"modified":"2019-06-25T04:00:06","modified_gmt":"2019-06-25T04:00:06","slug":"egypts-elsewedy-secures-usd-100-mn-loan-from-bm-for-africa-expansion-plan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/egypts-elsewedy-secures-usd-100-mn-loan-from-bm-for-africa-expansion-plan\/","title":{"rendered":"Egypt\u2019s Elsewedy secures USD 100 mn loan from BM for Africa expansion plan"},"content":{"rendered":"

Elsewedy Electric has signed a USD 100 mn loan agreement with Banque Misr to finance expansion plans in Africa, sources told the press<\/a>. Baker McKenzie\u2019s Cairo-based law firm Helmy Hamza & Partners acted as legal counsel to the bank on the agreement, the sources said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Elsewedy Electric has signed a USD 100 mn loan agreement with Banque Misr to finance expansion plans in Africa, sources told the press. Baker McKenzie\u2019s Cairo-based law firm Helmy Hamza & Partners acted as legal counsel to the bank on the agreement, the sources said.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[204,2372,152,72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599341","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-elsewedy-electric","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"5732154f-8c87-4cd6-a4d7-c4e30c2897f1","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[599308],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s Elsewedy secures USD 100 mn loan from BM for Africa expansion plan - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/egypts-elsewedy-secures-usd-100-mn-loan-from-bm-for-africa-expansion-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s Elsewedy secures USD 100 mn loan from BM for Africa expansion plan\" \/>\n<meta property=\"og:description\" content=\"Elsewedy Electric has signed a USD 100 mn loan agreement with Banque Misr to finance expansion plans in Africa, sources told the press. 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The phase is expected\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596601,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/02\/nbg-agrees-to-issue-eur-41-7-mn-loan-for-elsewedy-electric\/","url_meta":{"origin":599341,"position":1},"title":"NBG agrees to issue EUR 41.7 mn loan for Elsewedy Electric","author":"enterpriseam admin","date":"2 July 2019","format":false,"excerpt":"The National Bank of Greece has agreed to issue a EUR 41.7 mn loan for Elsewedy Electric, it said in a press release. The long-term facility will be used to partially finance Elsewedy\u2019s acquisition of four Greek renewable energy companies.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598617,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/elsewedy-electric-agrees-to-eur-42-mn-loan-from-national-bank-of-greece\/","url_meta":{"origin":599341,"position":2},"title":"Elsewedy Electric agrees to EUR 42 mn loan from National Bank of Greece","author":"enterpriseam admin","date":"29 May 2019","format":false,"excerpt":"Elsewedy Electric\u2019s board of directors approved yesterday receiving a EUR 42 mn loan from the National Bank of Greece, according to an EGX disclosure (pdf). No details were provided on what the loan will be used for.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574887,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/italian-bank-seeks-govt-guarantee-for-railway-loan\/","url_meta":{"origin":599341,"position":3},"title":"Italian bank seeks gov\u2019t guarantee for railway loan","author":"enterpriseam admin","date":"24 September 2020","format":false,"excerpt":"An unnamed Italian bank has requested that the oil or transport ministry issue a letter of guarantee for a potential USD 300 mn loan for a consortium working on the Abu Tartour-Qena freight railway line, Al Mal reports, citing unnamed sources in the know. 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