Banque du Caire funds real estate firm Inertia’s projects with $34.6 mln
Thursday, 22 August 2019 17:52
Egyptian state-owned Banque du Caire is providing real estate company Inertia EGP575 million ($34.6 million) to fund projects ongoing in the country. Monies will be granted over a year period and paid back in over 5 years.
Inertia says the resources will be used to finance construction works as well as real estate residential projects initiated in 2019. According to Tarek Fayed, MD of Banque du Caire, the real estate sector is a promising area in Egypt that can support economic growth.
The loan agreement concluded with Inertia aims to support the sector while strengthening the portfolio of real estate projects set up by this company in Egypt.
Chamberline Moko
Live News
-
Zimbabwe secures IMF deal to support economic stability and recovery
10:59
-
Standard Bank vs Afreximbank: Anatomy of a Competition for African Investment Banking Fee Supremacy in 2025
10:52
-
Togo takes over rotating OHADA Council presidency
10:24
-
Council President Gnassingbé tours northern farm zones, pushes food sovereignty
10:20
-
Senegal on track for universal electricity access by 2029, IEA says
10:19
-
Cabo Verde set to receive $10.48mln IMF disbursement after program review
10:06
-
Bridge Seed Global opens applications for 2026 accelerator
08:57
-
Afreximbank selects eight startups for inaugural accelerator
08:49
-
WhatsApp tests ‘close friends’ lists for more private status updates
08:40
-
Cameroon’s microfinance sector counts 385 licensed lenders, with CFA659bn in loans
19:12
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
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...
IMF and Zimbabwe reach agreement on a 10-month staff-monitored program Program focuses on fiscal discipline, monetary stability, and governance...
Electricity access reached 84% in 2024, with full urban coverage Power mix to shift toward gas and renewables by 2030 Electricity demand expected to...
IMF approves $10.48 million in disbursements under ECF and RSF programs Program targets largely met, with progress on governance...
Senegal targets digital hub status by 2034 but faces connectivity-profitability tradeoff 540 uncovered zones, 7 million affected, upgrades costly...
Essaouira is a coastal city in Morocco, on the Atlantic Ocean, in the Marrakech–Safi region, about two and a half hours by road from Marrakech. It stands...
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...