Shareholders invest half a billion US$ in new equity in Afreximbank
The African Export-Import Bank (Afreximbank) announces that existing shareholders, including the...
Egypt
Banque Misr plans to provide factoring services
The Egyptian lender is in talks with the Saudi Arabian Monetary Authority...
Afreximbank says export risk guarantee body will boost Egypt’s role as intra-African trade hub
Egypt’s decision to establish an export risk guarantee company will give a major boost to the country’s role as a...
Egyptian FRA to take measures to facilitate technology in non-banking financial activity
The Financial Regulatory Authority (FRA) is studying international experiences on the development of legal frameworks that facilitate electronic services for companies and entities engaged in non-banking financial activities and encourage the use of...
Egyptian MTI plans to merge e-payment platforms and develop micro finance business
M Group for Industry and International Trade (MTI) plans to merge its e-payment platforms...
Afreximbank releases audited 2018 financial statements, shows strong performance
The African Export-Import Bank (Afreximbank) has released its abridged audited financial statements for the year ended 31 December 2018, showing strong financial and operational performance, with total comprehensive income for the year amounting to...
Egyptian businesses feel confident on market dynamics
At least three quarter (75%) of businesses in Egypt are optimistic...
CIB Egypt offers SCF solution based on Finastra software
Over the past few years, CIB Egypt has been intensely focused on developing its digital banking capabilities...
Egyptian President ratifies factoring and financial leasing law
President Abdel Fatah al-Sisi ratified Saturday (18 August) the law that regulates factoring...
Afreximbank releases half-year results
The African Export-Import Bank (Afreximbank) has released its unaudited financial statements for the half-year period ended 30 June 2018, showing gross revenue of US$343m. The figure represents a US$21m increase over the gross revenue for the same...