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Afreximbank grants NBE $300m financing facility

The African Export-Import Bank (Afreximbank) has granted a $300m financing facility to the National Bank of Egypt (NBE) to support Egypt’s industrialisation efforts. President of Afreximbank Benedict Oramah and chairperson of NBE Hisham Okasha signed the Industrialisation Support Facility agreement on 27 April on behalf of their respective institutions during a ceremony held at NBE’s …

Shaimaa Al-Aees

Head of SMEs Association presents executive steps of integrated industrial complexes

Alaa Al-Soketi, Head of the Egyptian Small- and Medium-Sized Enterprises (SMEs) Association said—during the second National Youth Conference in Aswan—that the integrated industrial complexes project will include 200 small plants of between 150 and 300 meters and 50 offices to provide services needed by factories in marketing, quality, finance, and others. He added that at a later stage …

Daily News Egypt