Tags : Aya Badr

Deal & transactions Egypt TMT

Adsero advises TSFE on the launching of Erada Microfinance 

The Sovereign Fund of Egypt (“TSFE”) has established a Joint Venture with Etisalat Egypt by e& to launch the new company Erada Microfinance with the goal of providing access to a wide range of financial services to micro and small enterprises.    The partnership is in line with Egypt’s Vision 2030 of supporting financial inclusion and creating opportunities for the youth through providing innovative […]

Banking & Finance Egypt Transport

EBRD and donors finance Egyptian electric transport provider AGM

Abou Ghaly Motors (“AGM”), specialists in the automotive industry in Egypt, has successfully secured a finance extension from The European Bank for Reconstruction and Development (“EBRD”) to finance AGM’s fleet of range-extended electric vehicle for its London Cab services.  A loan of EGP 187.4 million (around EUR 10 million) from the EBRD is being complemented […]