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
-
Togo, Benin and Senegal launch free community roaming services
19:15
-
Ecobank’s 2025 performance: growth, discipline and the return of dividends
18:41
-
Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
18:16
-
West Africa’s Onion Trade Runs Largely on Informal Networks — a System Both Stabilizing and Fragile
17:42
-
Niger Tightens Firearms Regulations Amid Rising Security Threats
20:52
-
Ahmed Rostom’s Wuilt Simplifies Online Business Creation Across Africa
17:55
-
Botswana Tech Fund Debuts $67.5 Million Vehicle for Southern African Startups
17:54
-
Burkina Faso Prioritizes Tech Sovereignty in Talks with Italian Investors
17:52
-
IT Specialist Mohammed Ouahabi Disrupts Algerian Healthcare with Nafsia
17:50
-
Cameroon Commissions First Private Solar Mini-grid Under Energy Compact
14:35
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Mobile phones have become essential tools for work, education, payments and staying connected across...
Africa produces what it doesn’t consume, and consumes what it doesn’t produce. That stark line captu...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to the progress and fragility of vaccination campaigns...
A staple of West African cuisine, onions are among the sub-region’s most widely grown horticultural products and a key driver of intra-regional trade,...
Niger adopts draft decree to regulate firearm acquisition, possession, and use New framework introduces stricter controls, traceability requirements,...
Chad and Algeria sign agreement to study a 20,000 bpd refinery project Chad continues to import large volumes of refined products despite crude output...
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...