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AfDB is one of the key supporters of the Egyptian economy, says banks’ country manager
The package aims to boost intra-African trade and promote regional integration
The African Export–Import Bank (Afreximbank) signed a credit facility agreement worth $200m with the Egyptian General Petroleum Corporation (EGPC) on Thursday to support the expansion of electricity generation and distribution in the country. Head of the bank, Benedict Okey Oramah, said the facility will secure the required fuel to support Egypt’s industrial sector through financing …
Barclays had originally targeted EGP 5bn by the end of 2014, with the bank also targeting a EGP 2bn increase in its retail banking portfolio by the end of the year.
CBE invested EGP 48bn in treasury bonds during the last fiscal year
The fifth annual “Egypt, Trade and Export Finance” conference was held yesterday in Cairo. Trade experts, bankers and businessmen convened to discuss export and trade opportunities for Egypt, in the context of the ongoing dialogue on the country’s economy. Optimism was driven by positive factors favouring the Egyptian economy which make it able to regain …