UN envoy calls for ‘Club of Debtors’ to tackle Africa’s financial crisis
Africa needs a coordinated "Club of Debtors" to negotiate fair restructuring terms…
Market awaits repercussions of 2% rate cut on savings, loans, and debt instruments
The banking sector and wider financial markets are bracing for the impact…
Market eyes effects of 1% interest rate cut on savings, loans, and debt securities
The market is gearing up for the reopening of banks tomorrow, Sunday,…
Egypt’s Al-Mashat urges lower borrowing costs, more debt swaps at UN forum
Egypt's Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, called…
ERC completes debt restructuring, pays $315m to senior, subordinated lenders
The Egyptian Refining Company (ERC) has concluded its Senior and Subordinated Debt…
Egypt, Germany sign €77.3m debt swap, grant agreements to boost development
Egypt and Germany have strengthened their economic partnership with the signing of…
PM Madbouly reviews provisions for settling pharmaceutical, medical supply dues
Egypt’s Prime Minister Mostafa Madbouly held a meeting Sunday to follow up…
Debt-for-investment swaps enhance development pathways in Africa: Finance Minister
Ahmed Kouchouk, Egypt's Finance Minister, stated that debt levels across Africa are…
Egypt’s Finance Minister advocates for innovative financing to alleviate Africa’s debt burden
Egypt’s Finance Minister, Ahmed Kouchouk, emphasized the necessity of intensified efforts to…
Egyptian government plans to borrow EGP 1.293trn from domestic market
The Egyptian government plans to borrow EGP 1.293trn from the domestic market…