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Garment exports exceed $2bn for first time during 2021
The Egyptian garments exports increased by 41% in 2021, which amounted to $2.49bn, compared to 2020’s $1.457bn, according to head of Apparel Export Council of Egypt (AECE), Marie Louise,
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CBE sponsors 3-year programme to raise efficiency of microfinance associations
The Egyptian Federation for Financing Medium, Small, and Micro Projects (EFFMSMP) — under the auspices of the Central Bank of Egypt (CBE) — will organise a three-year programme to raise the efficiency…
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Egypt is 1st African country to issue green bonds
“Egypt is the first African country to issue green bonds,” Finance Minister Mohamed Maait told local press.
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Vodacom shareholders approve Vodafone Egypt acquisition deal
Shareholders in South Africa’s largest mobile operator Vodacom Group have approved on Tuesday a deal to buy a 55 percent stake in the Egyptian unit of parent Vodafone for $2.73 billion in a cash.
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Egypt non-oil exports exceed $32B in 2021, Trade Ministry says
Egypt's non-petroleum exports have increased by 26 percent reaching $32.128 billion in 2021 up from $25.427 billion in 2020, according to the Trade and Industry Ministry
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ADCB Egypt increases its capital to EGP 5bn
Abu Dhabi Commercial Bank – Egypt (ADCB) has announced increasing its capital to EGP 5bn, thus complying with Law No. 194 of 2020 that stipulates that the minimum capital for banks operating in the…
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E-finance’s digital payments arm Khales provides services at Misr Petroleum stations
Misr Petroleum’s gas stations will be offering all financial services of Khales, the digital payments arm of e-Finance, including cash collection and withdrawal as well as e-purchases.
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Egypt provides MSMEs’ financing to 3.5M beneficiaries at end of 2021
Egypt has provided finances to 3.5 million beneficiaries of micro, small and medium enterprises compared to 3.2 million beneficiaries at the end of 2020, increasing by 9.4 percent at the end of 2021,…
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Banking deposits hit LE 6.191 trillion in October, Egypt’s Central Bank
The Central Bank of Egypt (CBE) announced a remarkable increase in bank deposits by around 114 billion pounds at the end of October to reach 6.191 trillion pounds against 6.077 trillion pounds in…
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Egypt’s non-oil exports rise 27% in Q3-21
Egypt's non-oil exports increased by 27.1 % year-on-year (YoY) to $7.7 billion in the third quarter (Q3) of 2021, according to the quarterly report of the Cabinet's Information and Decision Support…
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