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
-
Togo Pitches Reforms at Ongoing Diaspora Investment Forum
17:03
-
Senegal Allocates 60% of 2026 Digital Ministry Budget to Investment
15:51
-
Nigeria: Bottomline Assist Helps Companies Access Tech Talent
15:47
-
Africa’s Airlines Lag Global Aviation Rebound Expected in 2026
15:43
-
Transport and Energy Deficits Restrain Agro-Industrial Growth in West Africa
15:40
-
Black Swan’s Derick Kazimoto Pushes Data-Driven Credit Models in Africa
15:06
-
KenGen Emerges as a High-Performing Public Utility in Kenya
15:05
-
Djibouti Moves Toward Launch of National Cybersecurity Authority
14:52
-
Mali Adopts 2026-2030 Cybersecurity Strategy to Counter Rising Attacks
14:48
-
Local Initiatives Organise Fish-Farming Bootcamp in Move to Slash Cameroon’s Fish Import Bill
13:37
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Senegal sets its 2026 Digital Ministry budget at CFA81.06 billion, with nearly 60% directed to investments. The “New Deal Technologique” strategy...
Global airline net profit should rise to $41 billion in 2026, according to IATA. Africa is set to generate only $1.3 net profit per...
West Africa’s food economy represents 35% of regional GDP, yet weak transport and power systems keep costs high and limit efficiency. Food prices...
KenGen increased its profit after tax by 54% to KES 10.48 billion ($81 million). More than 90% of its 1,786 MW installed capacity comes from...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...
Mauritius recorded a 56% increase in UK Google searches for “Christmas in Mauritius” over the past three months. The island ranked fourth overall...