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
-
Angola Cables Opens Luanda-02 Cloud Node, Launches Voucher Program for Startups
13:43
-
DRC Awards Kasumbalesa Dry Port Concession to Yellowstone Consortium
13:37
-
Mauritania Secures Over €39 Million French Loan for 10 Solar Plants
13:28
-
Além dos dados: como os modelos híbridos estão transformando o financiamento sustentável na África
13:26
-
Italian investors eye Cameroon’s craftsmanship and forest‑wood industries as government seeks to curb reliance on oil exports
12:50
-
Cameroon Raises 2026 Excise Duties on Wine, Spirits, and Mixed Alcohol
11:43
-
Camtel plans to enter MoMo market in 2026
11:28
-
Campost Bets CFA3bn on Bolamba to Reenter E-Commerce Market
09:12
-
Via Its Web Platform, Stokvel Academy Trains South Africans in Collective Saving
08:43
-
Côte d’Ivoire Deploys “Tradepost” to Connect SMEs to African Markets
08:41
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...
JA Africa launches $1.5M digital safety program in four African countries Initiative to ...
Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...
Botswana and Oman signed strategic agreements that include a 500-MW solar photovoltaic project. T...
New facility supports SMEs via cloud vouchers under Acelera Clouds program Clouds2Africa strengthens regional capacity with a third Angolan...
OGEFREM signs a concession with Yellowstone to finance and build the Kasumbalesa dry port, a key regional transport hub. The private partner will...
Project supports 2030 electrification goals and expanded renewable capacity National access remains 55%, with major urban-rural...
O financiamento climático na África é significativamente deficitário, com o continente recebendo somente 30 bilhões de dólares dos 300 bilhões necessários...
Niokolo-Koba National Park, designated both a Biosphere Reserve and a UNESCO World Heritage Site, is one of the ecological treasures of Senegal and all of...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...