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More public-private-sector partnerships needed for green development in Africa: Mohieldin
The UN Climate Change High Level Champion for Egypt Mahmoud Mohieldin has recently said that more public and private sectors partnerships (PPPs) are needed to achieve green economic and social…
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CEO, Managing Director of CIB joins GFANZ Africa Network’s advisory board
Commercial International Bank (CIB), Egypt’s leading private sector bank, has announced that Hussein Abaza, the Bank’s CEO and Managing Director, has been chosen to join the Glasgow Financial Alliance…
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Sisi orders gov’t, Central Bank to formulate initiatives to attract foreign investments
President Abdel-Fattah El-Sisi has ordered the government and the Central Bank of Egypt (CBE) to formulate new initiatives to attract foreign investments into the country.
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Egypt concluded development financing agreements worth $20bn during 2020/21
Egypt was able to conclude development financing agreements worth $20 bn, about $5bn of which (25%) went to private sector companies and commercial banks according to Minister of International…
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EFG Hermes Corp-Solutions closed a EGP 2 bn securitized bond issuance
Egyptian Financial Group Hermes Holding (EFG Hermes) and EFG Hermes Holding’s wholly-owned subsidiary, EFG Hermes Corp-Solutions, announced the successful conclusion of the latter’s second issuance of…
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Egypt’s engineering exports surge 24% in 8M 2022: EEC
The Engineering Export Council of Egypt (EEC) announced that Egypt’s engineering exports increased by 24% to $2.44bn in the first eight months of 2022, compared to $1.96bn in the same period of 2021.
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CIB participates in 2022 IIF Emerging Markets Sustainable Finance Summit
The Commercial International Bank (CIB), Egypt’s leading private sector bank, participated in the 2022 IIF Emerging Markets Sustainable Finance Summit hosted by the Institute of International Finance…
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Wataniya, Safi will be offered on EGX by year-end, Madbouly says
The Sovereign Fund of Egypt plans to take military-owned filling station Wataniya and bottled water company Safi public on the EGX before the end of 2022, according to a a cabinet statement.
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Import issues could be resolved within two months, El Sisi signals
Import challenges facing manufacturers will be solved within two months, President Abdel Fattah El Sisi said yesterday (watch, runtime 8:37).
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CBE wins largest share of AFI awards for combating poverty, unemployment, promoting sustainable developmen
CBE wins largest share of AFI awards for combating poverty, unemployment, promoting sustainable development
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