The value of securitisation bonds issuance was recorded at 24.1bn in 2020 Egyptian pounds, compared to 22.1billion pounds in 2019, Mohamed Omran, Chairperson of the Financial Regulatory Authority (FRA).
Omran's remarks came during an online (...)
The volume of finances allocated for micro-sized projects has reached 18.7 billion Egyptian pounds by the end of 2020; up 13.3 percent when compared to the earlier year, according to the Financial Regulatory Authority Chairman.
Some 3.2 million (...)
EFG Hermes Finance, part of Egyptian investment bank EFG Hermes, plans to complete its anticipated takeover of Tokio Marine Egypt Family Takaful within the second quarter of the year, its chief executive said on Monday.
EFG Hermes Finance seeks to (...)
Egypt's mortgage finance activity recently rose to 11.5 billion Egyptian pounds ($711.7 million) from 500 million pounds in 2009, chairman of Financial Regulatory Authority (FRA) said on Tuesday.
"Microfinance activity (in Egypt) increased to around (...)
Egypt's Arab Misr Insurance Group (GIG) has reached a further one-year renewal for its reinsurance agreement with Germany's Hannover Re.
GIG and Hannover have renewed the agreement with the same conditions and retention rates of last year, managing (...)
Egypt's Sabbour Consulting Group has won a mandate to design the first phase of the country's first nuclear power plant, Dabaa.
Sabbour Consulting is also competing with two other engineering consultancy firms to carry out the designs of the second (...)
The Nigerian Stock Exchange is getting to be green, by starting trading environmentally friendly securities next month, said technical assistant to Nigeria's environment minister on Tuesday.
The so-called green bonds, will be used to finance (...)
Egypt's Arab Misr Insurance Group (GIG) has started talks with Germany's Hannover Re to reach a further one-year renewal of their reinsurance agreement.
GIG's financial year for last year will back the renewal of the agreement without placing any (...)
Economic growth in Africa is seen to more than triple by 2050, said Egyptian stock exchange chairman Mohamed Farid on Monday.
These promising growth rates will strongly support the African money markets in return, Farid told the 21st Annual Meeting (...)
Mohamed Omran, former chairman of the Egyptian stock exchange, was named 2017 Person of the Year on Monday by the African Securities Exchanges Association (ASEA).
After completing his tenure as the EGX chairman in August, Egyptian government has (...)
Foreign direct investment (FDI) into Africa will reach $60 billion by the end of 2017, said Egyptian Minister of Investment Sahar Nasr on Monday.
"Africa's economy will improve through focusing on real reforms in the investment climate through (...)
Egyptian bourse has signed Monday a memorandum of understanding with Zambia's Lusaka Stock Exchange, aiming to bolster bilateral cooperation.
Egyptian Minister of Investment and International Cooperation Sahar Nasr has witnessed the signing, which (...)
The World Bank has issued over $12 billion worth of green bonds in Africa so far, said Mahmoud Mohieldin, Vice President for the 2030 Development Agenda, on Monday.
The bonds are designated to finance environmentally friendly projects in the (...)
State-owned Telecom Egypt, which has a monopoly on the country's landlines, has put out to tender on a new insurance policy to cover its assets and property.
The policy is with total sum insured of 35 billion Egyptian pounds ($2 billion), sources (...)
Egypt's Delta Insurance Company says it has had 168 million Egyptian pounds ($9.5 million) in foreign currency surplus at the end of June.
Foreign currency-dominated cash assets reached around 184.3 million pounds, while liabilities in foreign (...)
Egypt's Mohandes Insurance Company has signed Monday a credit insurance cover agreement with the country's largest state-run lender, the National Bank of Egypt.
Under the agreement, Mohandes will cover the risk of non-payment of NBE's loans for the (...)
National Bank of Egypt (NBE), the country's largest state bank, is negotiating loans worth €800 million ($941.1 million) with two international lenders, sources near from the talks said Tuesday.
The Egyptian bank is in talks with German state bank (...)
Egyptian central bank's assistant sub-governor says around 70 percent of the banks' financing for micro, small and medium-sized enterprises are dedicated for women-owned businesses.
This emphasises the growing economic empowerment for Egyptian (...)
National Bank of Egypt (NBE), the country's largest state bank, says it has received around 360 billion Egyptian pounds ($20.4 billion) from its high-yield certificates of deposit in almost one year.
The Egyptian bank has managed to attract one (...)
Chairperson of Egypt's Export Development Bank (EDBE) expects her bank will sign a $500 million financing facility deal with the African Export-Import Bank (Afreximbank) in a few days.
The Egyptian bank awaits the central bank's approval on the (...)
Qatar National Bank's financing for small and medium-sized businesses in Egypt is currently worth around 17.2 billion Egyptian pounds ($974.8 million), QNB AlAhli's chairman Mohamed El Deeb said Monday.
QNB AlAhli, the Egyptian unit of the Qatari (...)
The informal economy makes up between 50 percent and 70 percent of Egypt's GDP, the head of one of the largest public banks said on Monday.
The financial inclusion is a necessity for Egypt's economic development and ensuring its financial (...)
Egypt's Iskan Insurance Company has won a mandate to offer personal accident insurance cover for the employees of TE Data, the data communications and internet branch of Telecom Egypt.
TE Data's personal accident insurance policy is with total sum (...)
The premiums of Egypt's Islamic insurance, or takaful sector registered 2.3 billion Egyptian pounds ($130.1 million) during the first seven months of the year.
The life takaful firms posted premiums worth around 1.2 billion pounds, at the end of (...)
The premiums of Egypt's Islamic insurance, or takaful sector recorded 2.1 billion Egyptian pounds ($118.8 million) in the first half of the year, according to a market regulator's report.
The property takaful firms in Egypt registered premiums of (...)