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 (...)
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 (...)
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 (...)
Egypt's Misr Asset Management (MAM), the investment bank arm of Misr Insurance Holding, says it has currently around 500 million Egyptian pounds ($27.6 million) in assets under management portfolio.
MAM is seeking to increase its AUM portfolio to (...)
Egypt's Misr Asset Management (MAM), the investment bank arm of Misr Insurance Holding, is negotiating to win the management of two new mutual funds for Misr Life Insurance and Misr Insurance Company.
One of the funds is a fixed income; while the (...)
Three insurers are competing to win this year's pilgrimage travel insurance cover tender launched by the Egyptian Ministry of Interior, sources with knowledge told Amwal Al Ghad on Thursday.
The tender involves cover for hajj pilgrim delegation (...)
Egypt's Central Clearing, Depository, and Registry House (MCDR) is ready to handle the settlement process for the country's anticipated futures and commodities exchange, its chairman Mohamed Abdel-Salam said Wednesday.
MCDR clearly has the (...)
Egyptian government is planning to issue a U.S. dollar sukuk worth $1 billion later in the financial year 2017/2018, said Mohammed Maeit – Deputy Finance Minister for Public Treasury.
"As part of the financial year 2017/2018 budget, the government (...)
Foreign investments in Egypt's governmental treasury bonds and bills have risen to $4 billion after the country floated its currency on Nov. 3rd, said Deputy finance minister Ahmed Kouchouk on Tuesday.
Before pound floatation, foreign investments in (...)
The Egyptian parliament is expected to approved the long-awaited new investment law between one week and ten days, said head of the economic committee Aly El-Gohary said Tuesday.
The new law will focus on the diversification of incentives and (...)
Misr Asset Management, the investment bank arm of Misr Insurance Holding, is planning to run two new mutual funds soon, chairman Atef El Mahmoudy announced Sunday.
The first fund, owned by Misr Insurance Company, is a fixed-income, El Mahmoudy told (...)
Market regulator, Egyptian Financial Supervisory Authority (EFSA) is studying a new bid from Gulf investors willing to establish a new insurance firm in the country.
The shareholders of the anticipated company will involve Gulf investors, EFSA chief (...)
One of the private banks in Egypt is conducting feasibility studies to launch a new microfinance company in the country, said an official in the market regulator authority.
The bank is in talks with some strategic foreign partners so as to (...)
The Egyptian Financial Supervisory Authority (EFSA) says it intends to finalise drafting a new bill on leasing and factoring activities and to launch a community dialogue round next September.
According to Sherif Samy, EFSA chairman, the new law (...)
The Egyptian subsidiary of UAE-based Abraaj Group is scheduled for listing on Cairo bourse by the end of this May, said bourse chief Mohamed Omran on Tuesday.
Cleopatra Holding, the healthcare arm of the Emirati group in the North African nation, (...)
The total assets of private insurance funds rose by 10 percent to hit 48.2 billion Egyptian pounds (US$6.1 billion) during fiscal year 2014-15 versus 43.8 billion pounds a year earlier.
Sherif Samy - chairman of the Egyptian Financial Supervisory (...)
Egyptian Financial Supervisory Authority (EFSA) revealed that the total insurance premiums value reached EGP14 billion in the last year, noting that the surplus premium of insurance sector was EGP1.6 billion in last December, Sherif Samy, Chairman (...)
Egypt has hosted today the first forum on risk management, under the theme of "The Role of Insurance Experts in the Enterprise Risk Management."
Leading economic magazine Amwal Al Ghad is the media sponsor for the event.
The Insurance Federation of (...)