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Afreximbank closes landmark EUR 200 million and USD 166 million dual-tranche facility for Uganda
African Export Import Bank (Afreximbank) has concluded a landmark 10-year, dual tranche facility of €200 million and US$166 million for the Government of Uganda. The transaction was structured using…
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Egyptian date exports hit $52 m in 2021, official data
The Food Export Council said Egypt's date exports rose by 21 percent in 2021 to stand at $52 million against $43 million in 2020.
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Standard Chartered will open its 1st branch in Egypt next September
The Central Bank of Egypt (CBE) has given preliminary approval for Standard Chartered to enter the Egyptian banking sector, CBE deputy governor Gamal Negm told state-owned Middle East News Agency…
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Egyptian tourism revenues returned to pre-pandemic levels in 2021
Egyptian tourism revenues exceeded $13 bn in 2021, returning to pre-pandemic levels, Al Borsa reports Deputy Tourism Minister Ghada Shalaby as saying, citing a Reuters story.
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GB Auto plans to invest 2022’s EGP 550m CAPEX budget on complete knock-down lines
GB Auto said that the CAPEX budget for 2022 is expected to be within the range of EGP 550m and will be focused mainly on complete knock-down (CKD) lines to prepare for the government incentives…
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Misr Capital, Fawry launch ‘Fawry Yawmy’ money market fund
Misr Capital, the investment banking arm of Banque Misr, and Fawry have launched 'Fawry Yawmy' money market fund, an innovative fintech-based investment fund, with a minimum initial investment ticket…
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Egypt implements EGP113bn development projects in 3 years
Egypt has implemented 1,300 development projects with a total value of EGP 113 billion from 2019 to 2021, according to the second issue of the follow-up report on programme budgets and performance at…
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Egypt to issue its 1st sovereign sukuk offering before end of next June
Egypt will issue its first sovereign sukuk offering before the end of next June, according to Deputy Minister of Finance for Financial Policies, Ahmed Kojak.
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Egypt establishes road networks worth EGP 33bn in new cities
Egyptian Prime Minister Mostafa Madbouly affirmed that the state attaches great interest with road development and construction projects, especially those serving new cities.
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CI Capital aims to pilot its factoring services in 2022
CI Capital Holding will launch factoring services in 2022 which is expected to significantly boost the company’s portfolio, a source in CI Capital told local press
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