The African Export-Import Bank (Afreximbank) has secured more than $1 billion worth of indirect credit facilities for Egyptian institutions, a source with knowledge in the bank said Monday.
The facilities are in form of letters of guarantee and (...)
The African Export-Import Bank (Afreximbank) is studying a number of loans for Egyptian investors as well as banks and financial institutions in the country worth $1.2 billion and $500 million, respectively.
Heba Abu El Ezz, Manager of Banking (...)
The African Export-Import Bank (Afreximbank) plans to sign $500 million credit line contracts with two state-owned banks from Egypt within two weeks, a source with knowledge in Afreximbank said Tuesday.
The credit lines will go for financing small (...)
The African Export-Import Bank (Afreximbank) is studying a new financing programme worth $1 billion with Egypt before the end of 2016, said executive vice-president for business development & corporate banking on Sunday.
The money is to support a (...)
Egyptian Industry Ministry signs three cooperation protocols Sunday on providing a bunch of soft funding for small-sized enterprises at Al-Robeky zone for leather tanneries and Mirghem plastics city in Alexandria.
The protocols would be signed (...)
Egyptian automotives maker Ghabbour Auto Group (GB Auto) intends to injects new investments worth 2.5 billion Egyptian pounds (US$281 million) into the local market within the coming period.
Chairman Raouf Ghabbour stated Monday that the new (...)
Egypt's leading carpet manufacturer Oriental Weavers Group eyes achieving exports volume of EGP5.5 billion (US$ 721 million) at the end of 2015, Mohamed Farid Khamis- Founder- said on Wednesday.
The Egyptian tycoon noted that the group aims at (...)
Egyptian Cabinet is studying creating governmental fund with capital worth EGP 5 billion (US$ 654.9 million) to develop state's infrastructure, Ashraf El Araby - minister of planning- asserted on Wednesday.
The minister added that the fund will (...)
17 African countries have participated in the first day of COMESA -EAC-SADC Tripartite Summit, Saeed Abdullah-head of trade agreements and foreign trade sectors- asserted Monday.
Abdullah made these remarks on the sidelines of summit's second (...)
The total volume of mutual trade between the members of Africa's top economic blocks; COMESA, SADC, and EAC, has recorded US$ 89.6 billion in 2014, a report revealed on Monday.
The report, released by Egypt's Industry Ministry, showed that the (...)
Egypt's Industry ministry has suggested establishing a supreme council to supervise the Egyptian -African relations, a source in the ministry told Amwal Al Ghad on Monday.
This step comes within the frameworks of the general plan outlined by the (...)
Egyptian Central Bank (CBE) is currently studying the activation of COMESA's Regional Payment and Settlement System (REPSS), a high-profile governmental source told Amwal Al Ghad Monday.
The source stated that CBE is studying the legal procedures (...)
The Eighth Meeting of the COMESA-EAC-SADC Tripartite summit starts on Sunday in the presence of top leaders of 26 African states.
The meeting is hosted by Egypt in Sharm El Sheikh from June7 till June 10, 2015.
The meeting will witness signing the (...)