Banking

Egypt’s Minister of International Cooperation Rania Al-Mashat has discussed with officials from the African Development Bank (AfDB) boosting bilateral cooperation across various sectors, including…
Read More...

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has maintained the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent,…
Read More...

African Export-Import Bank (Afreximbank) has committed to provide US$500 Million to support Ethiopian commercial banks.
Read More...

Egyptian ridesharing company Swvl has announced its cooperation with several banks operating in the Egyptian market to finance the provision of 14-passenger vehicles to independent drivers working in…
Read More...

Remittances from Egyptians working abroad increased 13.2% year-on-year to a record $31.4 billion in the financial year that ended in June 2021, the central bank said on Wednesday.
Read More...

EFG Hermes’ consumer finance subsidiary Valu has kicked off its EGP 2 bn securitization program with a EGP 323 mn bond issuance, according to a statement (pdf) yesterday from the financial services…
Read More...

The European Bank for Reconstruction and Development (EBRD) has provided €25m in favour of October Dry Port Company to finance the design, development, construction, operation, and maintenance of the…
Read More...

The Egyptian Financial Regulatory Authority (FRA) approved a disclosure form submitted by Housing and Development Bank (HD Bank) to proceed with the capital raise procedures.
Read More...

The National Bank of Kuwait (NBK) has issued bonds worth $1 billion, marking the first callable structure for senior unsecured notes, fixed to floating, across the Central and Eastern Europe Middle…
Read More...

EFG Hermes has concluded advisory on valU’s first securitisation bond offering valued at EGP 322.550 million as part of a EGP 2 billion securitisation program approved by the Financial Regulatory…
Read More...