Private-Equity News
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Egypt to delay sale of state company shares until Sept
Egypt will delay the planned offering of shares on the stock exchange of a number of state companies until after the summer vacation.
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Swvl starts trading on a SPAC combination
The combined company, now “Swvl Holding Corp,” will trade under GMBT and GMBTW today before switching to SWVL and SWVLW on April 1.
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Egypt to offer 5-6 companies on stock exchange before end of fiscal year 2021/2022
The remarks came during the fourth Egypt Day Conference titled “Shaping the Investment Landscape” organized by EFG Hermes.
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Egypt is working on establishment of first commodity exchange company
The new exchange aims at shrinking the circle of commodity trading from the source to the consumer, and saving the transportation cost.
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Egypt’s market interest rates slightly decline despite CBE’s 0.5% cut
Returns on debt instruments also see minor decreases.
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Odin eyes EGP 1bn stock market investment through new fund
El-Sayed added that his company plans to establish another venture capital investment fund, with a capital of EGP 1bn in early 2021.
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More inclusion for SMEs in Egyptian exchange
EGX announced the new account aggregation system for securities listed on the SMEs market.
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Egypt to launch commodities exchange by end-August
The commodities exchange will enhance transparency in commodity pricing, which will contribute to creating greater price stability, the minister added
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Egypt to offer 26 T-bills, bonds tenders worth EGP 185.25bn in August
Auctions part of government plan to borrow EGP 600bn from local market in Q1 of FY 2020/2021.
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Egypt issues eurobonds worth $5 bln, biggest issuance in its history
The issuance is part of efforts to provide needed funds to deal with the repercussions of the coronavirus, the finance ministry said.
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Egypt's Financial Brokerage Group keeps top spot in March with 19.7% market share
The total market capitalisation reached $33.8bln in March.
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CBE auctions EGP 18.5 bln in treasury bills
The CBE said it auctioned the first batch of EGP 9 billion for 91 days and the second at EGP 9.5 billion for 273 days.
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Egypt issues longest-term international bond with maturities of 40 years
Egyptian Finance Minister Mohamed Ma'eet said that Egypt has returned to the international bond market by issuing 2 billion dollar bonds in 3 tranches
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Egypt expects several share offerings by end of year
Egypt promised to sell minority stakes in several state companies in late 2018 but postponed the offerings following emerging market turbulence.
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Global Telecom Holdings delisted from Egypt's Stock Exchange
Global Telecom Holdings (GTH), which operates Djezzy in Algeria, has been delisted from the Egyptian Stock Exchange.
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Egypt offers euro-denominated bonds on London stock exchange
The auction on the London Stock Exchange will be settled on April 11.
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Egypt's finance ministry auctions T-bills worth EGP 17 bln
In an online statement, the ministry said it sold EGP 8.5 billion of 91-day T-bills with an average yield of 18.715%.
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Egypt yet to set details of Asian market bond issue
The value of the Asian market issue would be limited because its aim is to build a yield curve, the finance ministry said.
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Egypt to auction $750mn in one-year dollar T-bills
Egypt will auction $750 million worth of one-year dollar-denominated treasury bills on Sunday, the central bank said.
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Egypt's Finance Ministry auctions T-bills worth EGP 18.2bn
The Ministry of Finance auctioned treasury bills at a total value of EGP 18.250 billion.