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Egypt

Egypt’s Beltone signs its first factoring agreement

Beltone Financial Holding ("Beltone"), one of the fastest growing financial institutions, announces that its wholly owned subsidiary Beltone Leasing and Factoring ("the Company") has signed agreement worth EGP200m (US$6.5m) with the Egyptian Company for Import and Export ("EGMED"), one of...

#financial institutions#leasing#Propel

African Development Bank supports Commercial International Bank with US$148m...

African Development Bank has signed a US$148m funding agreement for Commercial International Bank of Egypt to support trade finance and…

#African Development Bank


Beltone receives regulatory approval to provide factoring services in...

Beltone Financial Holding (Beltone), one of the fastest growing financial institutions in Egypt, announces its consolidated financial and operational results…

#acquisition#digital#financial services


Qardy, Sandah partner to expand financing for MSMEs in...

Qardy, an online lending marketplace, has formed a strategic partnership with Sandah, a for-profit microfinance company, to empower and support…

#MSME finance#SME lending#working capital finance


Fintech Agel raises funds to support Egyptian MSMEs

Egyptian fintech Agel has announced it has successfully closed a pre-seed round for undisclosed seven-digit figure, led by MENA-focused venture…

#working capital


Tadbiir launches factoring and leasing in Egypt

To better support the small and medium sized enterprises (SMEs) in Egypt and help improve the financial environment for customers,…

#banking services#financial services#international


ITFC supports trade finance in Egypt with US$1.5bn funding

The International Islamic Trade Finance Corporation (ITFC), signed the 2023 Annual Program with the... (more…)

#ITFC


EFG Hermes closes £35m receivables backed securitisation

EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its  investment banking division…

#securitisation


EBRD and EU to support MSMEs in Egypt

The European Bank for Reconstruction and Development (EBRD) is providing a financial package of... (more…)

#bank#digital#forum


EFG Hermes Corp-Solutions provides factoring of educational fees in...

EFG Hermes Corp-Solutions, a wholly-owned subsidiary of EFG Hermes Holding and one of Egypt’s leading leasing and factoring companies, and…

#EFG Hermes


Cairo-based GlobalCorp launches securitised bond offering

GlobalCorp-Financial Services, a factoring and leasing non-banking institution based in Egypt, has announced its second securitised bond offering, in the…

#GlobalCorp#receivables securitisation


EFG Hermes Holding and GB Capital launch Kaf

Following the acquisition of a 75per cent stake by EFG Hermes Holding and... (more…)

#EFG Hermes#insurance

EBRD promotes green investments in Egypt’s small businesses

The European Bank for Reconstruction and Development (EBRD) is supporting the green economy in ... (more…)

#green finance

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