ICEC

Banque Misr mulling giant funding for Egypt infrastructure sectors

Egypt’s second-largest state bank, Banque Misr is considering raising around 33.3 billion Egyptian pounds ($1.8 billion) for a number of major joint funding deals in the country.

The deals will be totalling around 81.3 billion pounds in favour of several sectors, including specialised contracting, maritime transport, electricity, energy, and fertilisers, the bank added in a statement on Wednesday.

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