• Monday, 7 November 2022

    EGX sets up company to manage carbon credit exchange

    EGX teams up with Agricultural Bank, Enara Group to form carbon credit company: An Egyptian Exchange (EGX) subsidiary has signed an agreement with the Agricultural Bank of Egypt and Enara Group’s Libra Capital to establish Libra Carbon, the first Egyptian...
  • Monday, 24 October 2022

    Contact Financial eyes push into African markets, GCC

    Contact Financial Holding wants to expand in Africa, GCC: Contact is looking to step into new markets next year including Uganda, countries in the Horn of Africa, and the GCC next year, Contact CEO Said Zater was quoted as saying...
  • Sunday, 9 October 2022

    Future flow securitization regs are out + Fawry wants a piece of the BNPL market

    Future flow securitization has officially arrived: The Financial Regulatory Authority (FRA) has issued its regulations for future flow securitization, the regulator said in a statement (pdf), paving the way for the country’s first issuance.This opens the door to our first...
  • Sunday, 3 July 2022

    Talks over amendments to Competition Act are deadlocked

    Will the Competition Act prove too controversial to pass the House this session? Differences over proposed amendments to the Competition Act between our financial regulators have reached a stalemate, Ahmed Samir, head of the House Economic Affairs Committee, told reporters...
  • Wednesday, 22 June 2022

    Chimera makes official offer for Beltone Financial

    The Financial Regulatory Authority (FRA) has received an official offer by Chimera Investments to acquire up to 90% of Beltone Financial, the regulator said in a disclosure to the EGX (pdf) yesterday. The Abu Dhabi-based investment firm has offered to...
  • Thursday, 16 June 2022

    Rameda gets its hands on a new molecule

    Rameda has acquired a molecule used for treating epilepsy, the pharma company said in a disclosure to the EGX (pdf) yesterday. Known as Lacovimp, the molecule reduces the frequency and severity of partial seizures and was described by the company...
  • Tuesday, 14 June 2022

    We like debt and insurance, but hate stocks

    The Financial Regulatory Authority is out with its quarterly report (pdf) detailing the state of capital markets in 1Q2022, and it was a mixed bag. Activity on the bourse and securitized bond issuances fell, while all other capital market activities...
  • Sunday, 12 June 2022

    Our first-ever future flow issuance could be just around the corner + Raya’s Aman eyes EGP 500-650 mn securitized issuance

    CIRA could issue Egypt’s first future flow securitized bonds next month: The Financial Regulatory Authority (FRA) has approved a program that would see EGX-listed private sector education outfit CIRA issue EGP 2 bn of future flow securitized bonds over three...
  • Tuesday, 7 June 2022

    Elevate PE launches leasing arm, becomes Elevate Capital

    Elevate takes a leap into leasing: Our friends at Elevate Private Equity have landed approval in principle from the Financial Regulatory Authority’s (FRA) to set up a financial leasing arm as the healthcare management company looks to branch out into...

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