Banque Misr seeks $250mln for expansion in sub-Saharan Africa
Wednesday, 26 February 2020 11:59
Egypt’s state-owned Banque Misr announced plans to raise $250 from international financial institutions to finance its expansion in sub-Saharan Africa. The company targets Somalia, Djibouti, and Kenya.
The expansion project has already obtained the Central Bank of Egypt’s approval and Misr is in talks with investors to get loans at competitive rates. The bank is already present in Lebanon, Germany, France, China, Russia, and Italy
Chamberline MOKO
Live News
-
Air Congo Expands Network with Planned Brussels Route and Fleet Growth
09:08
-
Chad Invests $126 Million in Ngouri–Mondo–Mao Road Project
09:03
-
Coffee Industry Launches Global Mapping Initiative to Meet EU Rules
09:00
-
Safacam Plans Higher Dividend as Profits Rise but Earnings Stay Uneven
04:30
-
Cameroon Reviews Metals Industry to Address Supply and Energy Constraints
04:16
-
CEMAC Plans Tighter FX Rules, but CFA6 Trillion Still Beyond Reach
21:31
-
Douala Port Expands Niger Transit Trade but Faces Strong Regional Competition
21:28
-
Cameroon’s Soap Exports Surge, Driving Revenue Growth Despite Supply Constraints
21:11
-
Derrick Bundi Builds Cross-Border Payments Platform With Pretium
21:00
-
Ng'winula Kingamkono Builds Debt-Free E-Commerce Platform in Tanzania
20:56
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Chad has launched construction of a 74 km paved road linking Ngouri, Mondo, and Mao. The government is fully funding the project with a budget of...
Major coffee traders and roasters launched the Coffee Canopy Partnership to build the first open-access global coffee farm map. The initiative uses...
Cameroon’s exports of household bar soap rose sharply in 2025, reaching 74,208 tons, up from 56,624 tons in 2024, according to the latest foreign trade...
Burkina Faso targets 6.1% growth in 2027 under plan Revenues and spending rising; deficit projected near 2.8% GDP Outlook supported by gold,...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
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,...