Egypt

Egyptian firms seeking opportunities for increased trade within African markets should take advantage of the expertise and offerings of the African Export Import Bank Afreximbank, Denys Denya, Afreximbank’s Executive Vice President in charge of Finance, Administration and Banking Services, has said

Nigerian banker Dr. Benedict Oramah today in Cairo took over the leadership of the African Export-Import Bank as the third President of the continental trade finance institution

The Egyptian Foreign Minister, Sameh Shoukry, has inaugurated the Headquarters Building of the African Export-Import Bank (Afreximbank) with a reemphasis of the need for African countries to strengthen trade and economic links amongst them

The European Bank for Reconstruction and Development (EBRD) partners with commercial bank QNB AlAhli, providing small businesses in Egypt with USD100m credit and also provides USD40m trade facility

Moody's Investors Service has announced that it has changed the outlook on the Baa2 long-term issuer rating of the African Export-Import Bank (Afreximbank) from negative to stable. Concurrently, the rating agency also affirmed Afreximbank's Baa2/P-2 long and short-term ratings

Nigerian banker Dr. Benedict Oramah today in Cairo took over the leadership of the African Export-Import Bank as the third President of the continental trade finance institution

Bank executive vice president details funds extended to African factoring companies at Cairo conference

After steady yet low growth in the Egyptian factoring market in recent years it seems that a new confidence may be the impetus about to drive the industry forward. Peter Brinsley of financial services consultants, Point Forward, describes the latest developments in factoring in Egypt.

Ahmed Shaheen, General Manager Egypt Factors SAE provides a review of the Egyptian factoring market, covering industry environment, market performance, supply and future trends.

Abu Dhabi Islamic Bank announced plan to expand its SME financing.