Egypt: EFG Hermes, GB Capital and Talaat Moustafa Group launch $8.6 mln joint-venture for mortgage financing
Monday, 22 April 2019 18:26
EFG Hermes Finance, BG Capital and Talaat Moustafa Group (TMG) will launch an $8.6 million joint-venture to offer mortgage financing. This fund could increase to $14.5 million in the coming years.
This fund will leverage the about four decades of experience Egyptian group Talaat Moustafa Group (TMG) has in real estate development in Egypt.
According to Karim Awad, managing director of EFG Hermes Holding, the Egyptian real estate market is underexploited by financial institutions, hence the creation of this joint-venture to offer financing services to actors in this market.
Chamberline Moko
Live News
-
World Bank reviews Burkina Faso digital projects as 2026 rollout accelerates
20:14
-
Senegal delays delivery of Bargny-Sendou mineral port to late 2026
20:07
-
Gulf of Guinea regains appeal as a key exploration hub for oil majors
19:49
-
S&P forecasts loan growth and improving asset quality for African banks in 2026
18:13
-
Cameroon’s microfinance sector counts 385 licensed lenders, with CFA659bn in loans
19:12
-
U.S. tariffs hit Cameroon exports, revenues fall to CFA38bn
19:08
-
Cameroon roads budget faces CFA84bn gap as works spill into 2026
18:49
-
Tunisian Entrepreneur Ridha Mami Targets Sales Productivity With AI
16:47
-
Rwanda Expands Zipline Partnership to Build National Drone Network
16:45
-
Mohamed Hassan Hijazi Builds All-in-One Platform for Beauty Industry
16:43
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
Visit scheduled from February 4 to 6, 2026, at the invitation of President Hakainde Hichilema Tal...
The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...
Royal Air Maroc signed a deal with DAE to lease 13 Boeing 737-8 aircraft. Deliveries are schedule...
World Bank assesses progress on PACTDIGITAL and WURI programs Midterm review highlights coverage of 750 digital white zones 2026 roadmap focuses on...
Start-up of the Bargny-Sendou port is now scheduled for late 2026 The project aims to handle minerals, hydrocarbons, and agricultural cargo Annual...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 11% of global hydrocarbon discoveries since...
City plans municipal rules to tax short-term rentals at hotel-level rates Properties mainly used for short stays would face a 135% tax increase Cape...
The Pan African Film & Arts Festival (PAFF) will run from February 7 to 22, 2026, in Los Angeles, positioning itself as a major soft power platform for...
More than 100 Senegalese artists publicly urged President Bassirou Diomaye Faye to impose sanctions on Israel over the Gaza conflict. The artists...