Latest in Tag: financing Highlight
Latest in Tag: financing
Egypt’s Planning Minister attends ECOSOC Forum on Financing for Development
Shocks resulting from COVID-19 emphasised urgent need to renew efforts to achieve UN’s SDGs, says Hala El-Said
Cairo Leasing, Electro Cable Egypt signEGP 800m worth financing agreement
Financing directed for establishing first phase of ECE’s electric cable plant in Sadat City
Enhancing green financing tools, Africa’s private sector are 2021 focus plan: International Cooperation Ministry
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.
MENA startups collect $1bn in financing during 2020 despite COVID-19
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 …
Engaged private sector is key theme for Egypt in 2021: Al-Mashat
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 secured $477m in development financing for health during 2020
Egypt’s Ministry of International Cooperation secured $477m in development financing through 7 agreements supporting the healthcare sector
CI Capital reports total financing portfolio of EGP 12.3bn in 9M 2020
Company’s consolidated revenues stood at EGP 1.6bn during same period
Equity financing best option for fintech firms to fund expansion
Equity financing helps companies raise money to fund their working and expansion capital needs via stock issuance.
FRA amends Microfinance Law to include SME financing
Omran said that through the Law No. 201 of 2020, the authority developed an integrated regulation that allows non-traditional financing for SMEs.
FRA increases maximum allowed residential real estate financing
FRA approves proposal for real estate finance companies to establish guarantee registry
Egypt’s MSME financing records EGP 181bn since January 2016: CBE
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.
CBE provides EGP 7bn guarantee for corporate financing
Initiative aims to benefit clients of industrial, agricultural, and contracting private sectors whose annual work volume/revenues amount to EGP 200m or more
Parliament approves amendments to Anti-Terrorism Law defining terror financing
Amendments were sent to State Council for reviewal
Banque du Caire leads banking alliance to raise €150m for financing MDF factory
The factory is being built in Idku, Beheira, with a production capacity of 205,000 annually, at a total cost of €215m
MSMEDA participates in Financing SMEs and Strat-ups Forum in Jordan
Authority has financed 545,000 small and micro projects, creating 850,000 jobs in last two years, says Gamea
Sarwa Capital`s net income hikes 24% y-o-y in 1H2019 reaching EGP183m
Upon approval of shareholders, paid-up capital will be increased from EGP 119.697m to EGP 191.515m
Consumer financing activity under control
Activities worth EGP 70bn to experience first legislative framework ever
FRA insurance programme supports microbusiness financing
Microbusiness financing inched up 10% in Q3
EBRD enhances financing to Egyptian small businesses via $75m loan to Banque Misr
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 …
Banks block terrorism by expanding financing for small, medium and micro enterprises
CBE believes SMEs can counter terrorism through creating jobs, reducing unemployment, says El-kholy
3 banks contribute largest share of financing for housing loans
HDBEG contributes EGP 3.5bn to the CBE’s initiative, NBE gives EGP 2bn, and Banque Misr’ share accounts for 22.5%
Cooperation protocol between CGC and Egyptian Union of Microfinance to qualify 25 companies to obtain financing from banks
Companies were chosen across the country with a special focus on Upper Egypt, says Zo El Fokkar
The role of Middle East banks in fighting terrorism financing
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 …
Record financing for SMEs in Europe
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 …
Strong expectations for banks to increase financing to SMEs and major projects in 2017: El-Etreby
Banque Misr aims to implement a strong plan to expand in terms of products and geography
Metropolitan Egypt negotiates with bank to secure financing for 3 companies
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 …
Bank Audi Egypt aims to increase SMEs portfolio to EGP 6bn in 4 years: deputy chairperson
Current portfolio stands at EGP 1bn, supported by strong specialised SMEs financing schemes, says Fayed
NBE allocates €500m for financing private sector projects: chairperson
The bank has provided loans worth EGP 24.6bn for SMEs, with more than 47,000 projects having benefited, says Okasha
US dollar shortage negatively affects banks financing import operations, lending to projects with a foreign component
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 …
Establishing companies through IPO takes over amid government trend of financing through EGX
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