Inspiring Leadership & Sustainable Business Transformation in Africa
EGYPT – National Bank of Egypt (NBE) has secured US$100 million loan from European Bank for Reconstruction and Development (EBRD) to support the country’s small and medium-sized enterprises (SMEs). The loan will benefit Egypt’s SMEs in terms of energy efficiency, climate change mitigation and the introduction of adaptation technologies, according to the EBRD. NBE will on-lend the funds to SMEs operating in…
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EGYPT – Maxim Development, a real estate developer, has acquired has secured EGP 450 million (US$28.73m) syndication loan, a new one from the previously signed with the National Bank of Egypt (NBE), in cooperation with the Arab African International Bank (AAIB). The financing will go towards accelerating operations at the Bo Sidi Abdel Rahman development. The new portion will be…
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EGYPT – National Bank of Egypt (NBE) has signed a partnership agreement with tech company talabat to provide advanced digital payment solutions through the company’s application, with ease and security prioritized, in order to reduce cash handling, report Daily News Egypt. The cooperation stems from the mutual strategic focus towards the expansion of electronic payments, as well as supporting the…
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EGYPT – The Al-Sharif Holding Group, an Engineering, Procurement & Construction Company, and National Bank of Egypt (NBE) have signed a long-term financing contract that will contribute an EGP 978.2 million (US$62.45m) loan to the Shepherd Hotel development project. The loan, which will go towards the projects total cost of EGP 1.4 billion (US$89.38m), comes with an interest rate of…
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EGYPT – The National Bank of Egypt (NBE) and the French Development Agency (AFD) have signed a new credit facility agreement worth €100 million (US$119.15m) with the aim of financing climate conservation and sustainable development projects in Egypt. Chairperson of the NBE, Hisham Okasha, said that the new agreement will allow directing finance and support to the projects that are…
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EGYPT – The National Bank of Egypt (NBE) has announced that it has been awarded ISO 27001:2013 certification for information security management systems by BSI, the British Standards Institute. The certification covers all of NBE’s electronic branches in the country which provide customers with a complete digital experience of some of NBE’s banking services without any human intervention. The bank…
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