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African Development Bank has signed a US$148m funding agreement for Commercial International Bank of Egypt to support trade finance and local SMEs via a programme named ‘Financial package to Commercial International Bank of Egypt (CIB)’.The programme includes:US$10m line of credit with...
#African Development Bank
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, 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
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
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
The International Islamic Trade Finance Corporation (ITFC), signed the 2023 Annual Program with the... (more…)
#ITFC
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division…
#securitisation
The European Bank for Reconstruction and Development (EBRD) is providing a financial package of... (more…)
#bank#digital#forum
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
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
Following the acquisition of a 75per cent stake by EFG Hermes Holding and... (more…)
#EFG Hermes#insurance
The European Bank for Reconstruction and Development (EBRD) is supporting the green economy in ... (more…)
#green finance
Contact Factoring, a Subsidiary of Contact Financial Holding one of the leading non-banking financial services company in Egypt, signed a…
#supply chain finance#working capital