Egypt receives final third of $1.5bn loan from African Development Bank
The final $500 million tranche was received by Egypt as part of a $1.5 billion African Development Bank (AfDB) loan…
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IMF hikes Argentina bailout package to $57 billion
The International Monetary Fund (IMF) and Argentina announced on Wednesday an arrangement to increase resources…
World bank funds Egypt’s rural sanitation services with $300 mln loan
World Bank has approved a $300 million loan to complete Egypt’s Rural Sanitation Services Programme, expanding the…
Saudi Arabia’s Alhokair seeks early repayment for Egypt mall loan
Marakez, a subsidiary of Saudi Fawaz Alhokair Group, is in talks with seven banks on paying off around 1.6 billion…
PACT Real estate secures EGP 120mn loan from Arab Investment Bank
Egypt's property developer PACT has recently acquired a loan from The Arab Investment Bank, at a total value of 120…
IMF: Kenya’s external position is strong, standby deal expires
The International Monetary Fund (IMF) considers that Kenya’s external position is strong, its representative in…
National Bank of Egypt inks $600 mln loan with China Development Bank
State-run National Bank of Egypt (NBE), one of the country’s biggest lenders, announced on Wednesday it had signed…
Telecom Egypt to get UAE banks-led $500 mln loan before year-end
Telecom Egypt, the country’s largest internet provider, will secure a loan of $500 million arranged by First Abu…
France’s AFD Oks €50 mln loan for Cairo Metro Line 1
France’s state development agency AFD approved on Sunday a loan of €50 million ($58 million) to finance…
Egypt’s Abu Qir Fertilizers hires NBE-led consortium for €133.6 mln loan
Egypt’s state-run Abu Qir Fertilizers and Chemicals Industries Company has mandated a banking consortium led by…