Banque Misr, a financial institution owned by the government of Egypt, recently agreed to work with the EU’s European Investment Bank (EIB) on technical assistance efforts to: (1) enhance Banque Misr’s risk management and company-wide best practices regarding lending to small and medium-sized enterprises (SMEs); and (2) create new financial services through which Banque Misr can support
Tag: Banque Misr
MICROCAPITAL BRIEF: Banque Misr Leads $85m Investment to Launch Global Ventures’ Nclude Fund for Financial Inclusion via Fintech in Egypt
Global Ventures, a UAE-based venture capital firm that invests primarily in the Middle East and Africa, recently founded Nclude, an investment fund specializing in financial technology (fintech), with the aim of boosting financial inclusion, primarily in Egypt. Part of the purpose of Nclude is to
MICROCAPITAL BRIEF: EIB to Loan $517m to Banque Misr of Egypt to Fund SMEs During COVID-19 Pandemic
The European Investment Bank (EIB), the EU’s long-term lending institution, recently agreed to provide a line of credit in the amount of EUR 425 million (USD 517 million) to Banque Misr
MICROCAPITAL BRIEF: Banque Misr, IFC to Support Women-led SMEs in Egypt with Market Research, Business-model Development
Egypt’s Banque Misr and the World Bank Group’s International Finance Corporation (IFC) recently agreed to collaborate on an