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Egypt’s central bank keeps key interest rates unchanged
Egypt’s central bank has kept its key interest rates unchanged on Thursday, saying inflation as inflation remained below target and growth seen to be picking up.
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Egypt may join a $1bn continental transit guarantee scheme from AfreximBank
Egypt could join in a new $ 1 billion continental transit guarantee scheme from AfreximBank, which is designed to encourage trade across Africa by improving tax collection and cutting back on trade…
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EBRD approves $100mln financing package to Banque Du Caire for Egyptian private sector
Banque du Caire received US$ 100 million financing package from The European Bank for Reconstruction and Development (EBRD) for trade financing and on-lending to local micro-, small and medium-sized…
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Egypt’s food exports to Kenya grow by 111% in 7 years
Egypt’s food industry exports to Kenya recorded a significant growth of 111 percent between 2014 and 2020, according to Tameem El-Dawy, Deputy Executive Director at the Egyptian Food Export Council…
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IFC, ALEXBANK to provide new financial products for Egyptian farmers
The International Finance Corporation (IFC), a member of the World Bank Group, and ALEXBANK, an Egyptian private bank, are partnering to help Egyptian farmers access financing to purchase solar…
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CIB graduates candidates from Kenya, Uganda in Credit Analyst Training programme
The Commercial International Bank (CIB), Egypt’s leading private sector bank, has celebrated the completion of its training programme and the graduation of 19 certified Credit Analysts from Kenya and…
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EFG Hermes Finance signs partnership with Universal Group to create bespoke e-commerce platform
EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), announced that its NBFI platform has signed a partnership with Universal Group to launch a bespoke e-commerce…
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Central Bank of Egypt expected to maintain base interest rates next Thursday
Major financial institutions in Egypt including Beltone financial as well as some banking experts believe that The Monetary Policy Committee (MPC) at the Central Bank of Egypt (CBE) will keep the…
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EFG Hermes 2020 revenues seen a leap of 12% year-on-year
Egypt’s investment bank EFG Hermes Holding reported on Wednesday a 12 percent year-on-year growth to reach 5.5 billion Egyptian pounds (349.6 million) despite the impact COVID-19 had on global…
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Egypt’s C.Bank reveals requirements for EGP100bln new mortgage initiative
The Central Bank of Egypt’s (CBE) has launched new mortgage finance initiative a few days ago, and it has just revealed its requirements according to the Deputy Governor, Gamal Negm.
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