Banking

The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth 16 billion Egyptian pounds on Sunday on behalf of the Ministry of Finance.
Read More...

The state-owned Agricultural bank of Egypt (ABE) announced the launch of an initiative to settle debts for 328,000 defaulting farmers with total worth of 6.3 billion Egyptian pounds, in order to…
Read More...

Africa remained fertile ground for investment, but much hinged on the continent’s ability to boost its healthcare sector, African Development Bank President Akinwumi A. Adesina said.
Read More...

Africa’s economy shrank by 2.1 percent in 2020 and is expected to grow by 3.4 percent in 2021 as the global economy recovers from the COVID-19 pandemic and its severe impacts, according to the…
Read More...

The African Development Bank (AfDB) and the European Investment Bank (EIB) have signed a joint partnership action plan aiming to stimulate public and private sector investments in Africa amid the…
Read More...

Export Development Bank of Egypt (EBE) approved a proposal to raise its paid-up and issued capital to 3.27 billion Egyptian pounds from 2.72 billion pounds.
Read More...

The Egyptian banking sector is expected to be stable in 2021 even as profitability comes under pressure due to falling net interest margins and growing non-performing loans, according to Moody’s…
Read More...

First Abu Dhabi Bank (FAB) has signed a definitive agreement for the acquisition of 100 percent share in Bank Audi’s Egyptian subsidiary, the two banks announced in a joint statement on Wednesday.
Read More...

EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), has successfully closed the fourth issuance of Premium International for Credit Services (Premium)’s EGP 2…
Read More...

Banque Misr signed a loan agreement worth EUR 425 million with the European Investment Bank (EIB).
Read More...