Latest in Tag: financing Highlight
Latest in Tag: financing
Shocks resulting from COVID-19 emphasised urgent need to renew efforts to achieve UN’s SDGs, says Hala El-Said
Financing directed for establishing first phase of ECE’s electric cable plant in Sadat City
Egypt’s Minister of International Cooperation Rania Al-Mashat has announced that her ministry will focus, in 2021, on enhancing green financing tools, and ensuring the presence of the private sector in Africa.
Startups in the Middle East and North Africa (MENA) region were granted $1.03bn in funds during 2020, according to a report by startup data platform, MAGNiTT. The funds, which were granted to about 496 deals, reflected a 13% increase compared to the financing granted in the previous year. On the other hand, the report said …
Egypt’s aim of scaling up its engagement with the private sector in 2021 is expected to be a key theme for the upcoming year, according to Minister of International Cooperation Rania Al-Mashat.
Egypt’s Ministry of International Cooperation secured $477m in development financing through 7 agreements supporting the healthcare sector
Company’s consolidated revenues stood at EGP 1.6bn during same period
Equity financing helps companies raise money to fund their working and expansion capital needs via stock issuance.
Omran said that through the Law No. 201 of 2020, the authority developed an integrated regulation that allows non-traditional financing for SMEs.
FRA approves proposal for real estate finance companies to establish guarantee registry
MSME initiative was launched by the CBE in January 2016. It has achieved a record volume in facilities and loans granted by the end of March 2020.
Initiative aims to benefit clients of industrial, agricultural, and contracting private sectors whose annual work volume/revenues amount to EGP 200m or more
Amendments were sent to State Council for reviewal
The factory is being built in Idku, Beheira, with a production capacity of 205,000 annually, at a total cost of €215m
Authority has financed 545,000 small and micro projects, creating 850,000 jobs in last two years, says Gamea
Upon approval of shareholders, paid-up capital will be increased from EGP 119.697m to EGP 191.515m
Activities worth EGP 70bn to experience first legislative framework ever
Microbusiness financing inched up 10% in Q3
EBRD is providing a $75m loan to Banque Misr to support the growth and development of small and medium sized enterprises (SMEs) in Egypt. SMEs account for over 90 percent of enterprises in Egypt and contribute to the majority of total employment in the country. However, access to finance for SMEs remains limited, and improving …
CBE believes SMEs can counter terrorism through creating jobs, reducing unemployment, says El-kholy
HDBEG contributes EGP 3.5bn to the CBE’s initiative, NBE gives EGP 2bn, and Banque Misr’ share accounts for 22.5%
Companies were chosen across the country with a special focus on Upper Egypt, says Zo El Fokkar
In the war against terrorism, it’s not just government agencies and military personnel who are on the front lines. Bankers can also play an important role in fighting terrorism. That’s because terrorism needs money to survive and thrive. Although terrorists are increasingly using alternative financial methods, the banking system continues to be the most reliable …
The European Investment Bank and the European Investment Fund have said an unprecedented amount of money has gone into supporting small and medium-sized companies across the EU in the past 12 months.European Investment Bank (EIB) President Werner Hoyer said in Brussels on Tuesday the EIB Group consisting of the lender and the European Investment Fund …
Banque Misr aims to implement a strong plan to expand in terms of products and geography
Metropolitan Egypt is negotiating with a number of banks to provide financing worth EGP 14m to three companies working in chemicals, medical devices, and contracting, according to company head Khaled Nagaty. Yasser Kamal, credit supervisor at Metropolitan Egypt, said that ProPlan Contracting needs financing of EGP 5m, in addition to letters of guarantee worth EGP …
Current portfolio stands at EGP 1bn, supported by strong specialised SMEs financing schemes, says Fayed
The bank has provided loans worth EGP 24.6bn for SMEs, with more than 47,000 projects having benefited, says Okasha
The US dollar shortage has negatively affected banks’ activities that are related to financing imports and lending to projects that include a foreign component, according to Amr Tantawy, managing director of Misr Iran Development Bank (MIDB) and board member of the Federation of Egyptian Banks’ (FEB) board of directors. Tantawy told Daily News Egypt that banks’ activities are divided between local and foreign trading …
Government demands that it benefit from the exceptions made by the EGX in 2014 regarding launching companies established through IPO, especially in the infrastructure and agricultural sectors