BANKING

27 Nov 2017

Sustainable finance is realising inherent connection between economic growth, social, environmental, governance concerns: AAIB CEO

Banker Africa sat down for an inter- view with Hassan Abdalla, the chief executive officer of the Arab African International Bank (AAIB) to discuss sus- tainable finance, the overall concept of sustainability, and how Egypt is heading towards adopting new finance models that integrate important"...

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26 Nov 2017

ABK bank to partake in 200mn pounds loan for Egypt’s General Petroleum Company

Kuwait-based Al Ahli Bank of Kuwait (AKB) agreed to participate in a loan to Egypt’s General Petroleum Company (GPC) specializing in oil exploration and drilling operations, with an amount of 200 million Egyptian Pounds

The"...

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26 Nov 2017

New banking law in Egypt is under review by IMF, World Bank: Amer

Egypt’s new banking law is currently under review by the International Monetary Fund and the World Bank and one of the major law firms in England, according to Central Bank of Egypt governor Tarek Amer.

He"...

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26 Nov 2017

SHUAA Capital Initiates Egypt Operations Following Green Light by Egypt Financial Supervisory Authority for Securities Brokerage

SHUAA Capital, the United Arab Emirates-based integrated financial services firm, today announced that its securities brokerage arm ‘SHUAA Securities’ has officially commenced operations in the Egyptian market, following green light by the"...

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20 Nov 2017

Vodafone, AlexBank aim to increase Vodafone Cash customers to 5 million by mid 2019

Head of Retail Banking at the Bank of Alexandria (AlexBank) Sherif Lokman said that customers of Vodafone Cash are expected to reach 5 million by the middle of 2019, up from 3 million now.

Head of retail sales"...

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16 Nov 2017

Visa Welcomes the Nigerian Women’s Bobsled Team to Team Visa for the Olympic Winter Games PyeongChang 2018

Visa (NYSE:V) today announced the addition of three athletes who make up the Nigerian Women’s Bobsled Team to Team Visa, currently training to become the first ever African representatives, men or women, to qualify for the Olympic Winter Games in the sport of Bobsled. Together, Bobsled"...

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13 Nov 2017

Egypt, IMF reach agreement on $2B loan instalment

Egypt has reached a staff-level agreement with the International Monetary Fund for an instalment of about $2 billion more from a three-year, $12 billion loan programme, the IMF said in a statement on Friday.

The"...

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12 Nov 2017

Billionaire Naguib Sawiris Wants To Own A Bank In Egypt

Egyptian billionaire Naguib Sawiris has indicated interest in establishing a private bank in Egypt. During a session at the World Youth Forum in Sharm El Sheikh on Tuesday, Sawiris reportedly said he had always wanted to establish a bank in Egypt, and he had tried to acquire a license in the past without any success. “If the Governor of the Central Bank of Egypt gives me a license for a bank, I’ll open it tomorrow,” Sawiris said during a session at the World Youth Forum (WYF) entitled “Entrepreneurship and Innovation......

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11 Nov 2017

IMF agree on Egypt's $2 billion loan

The International Monetary Fund said on Friday it has agreed to the disbursement of a US$2 billion loan after a review of Egypt’s economic reforms.

The IMF executive board is yet to approve and sign off"...

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10 Nov 2017

Bango Secures Victory Opening-up Egypt for App Store Carrier Billing

(AETOS Wire)-- Bango (AIM: BGO), the leading mobile payments company, announces expansion of its operations in Africa through a partnership with Victory Link in Egypt. As a result of the relationship, Bango app store and merchant partners can launch"...

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