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Aman has also contracted with nine electricity distribution companies to enable a new digital service for paying electricity bills. This comes in addition to cooperating with Petro Trade to allow customers to pay their bills electronically.
Ministry looks to diversity funding sources to reduce cost of borrowing
About 8.725 million subscribers were able to pay their electricity bills electronically in December, and the ministry seeks to expand in electronic payment services in the coming period.
Egypt Sovereign Fund is still selecting a consultant for the evaluation of Siemens power plants
The proceeds of the tender goes to repay a previous tender offered on 8 January 2019 worth $845.1m
Infinity Solar aims to launch 200 MW power plants, sell power to factories
The positive aspect of this method is that subscribers would pay reduced bills in return.
The Minister of Electricity and Renewable Energy, Mohamed Shaker, issued strict instructions to the heads of electricity distribution companies to collect all delayed bills on homes, shops, and government agencies. Electricity Ministry sources told Daily News Egypt that the Egyptian Electricity Holding Company decided to disconnect the service from those who refuse to pay their …
The government is planning to increase the value of cleaning fees, and will be included in the electricity bills. According to government sources, the cleaning fee is determined based on the value of consumption and geographical scope, and will increase with the increase in the value of electricity consumption segments to be implemented in July, …
T-Bills balances reached EGP 1.166tn, T-bonds amounted to EGP 690.216bn, in addition to international bonds worth $19.21bn
False readings among reasons, solution is prepaid meters
Prime Minister gives directives to cut off electricity from late agencies
Launching 16 bills for terms of 91-364 days for EGP 99bn, 8 bonds for terms of 3-10 years for EGP 6.25bn
Total cost of the package amounts to EGP 46bn, with no impact on budget deficit, says Moeit
HCWW proposes changing 1st segment for consumption to 10 cubic metres, 2nd between 11 and 21 cubic metres, and 3rd from 21 to 30 cubic metres
Distribution companies obtain a 5% commission from the collection rates
Distribution companies collected EGP 3.7bn; EGP 1.6bn in arrears owed by government bodies
Shaker is announcing the new tariff at a press conference in the presence of distribution companies
Rationed commodities acquire largest amount in subsidy bill, amounting to EGP 8.3bn compared to EGP 4.4bn during period of comparison
Mobile phones are crucial to Visa’s Egypt strategy and their use in making payments is a pillar of Visa’s holistic financial strategy, according to Tariq El-Husseini, North and West Africa Visa General Manager. El-Husseini said that the financial usage of mobile phones in Egypt has so far been limited to transferring funds from one person …
Reuters – Yields on Egyptian treasury bills rose at an auction on Thursday and the central bank sold all the debt it had offered. The average yield on 182-day treasury bills increased to 11.174 percent at Thursday’s auction from 11.133 percent last week, the central bank said. The yield on 357-day T-bills edged up to …