September 9, 2021/Aetoswire Africa Finance Corporation (AFC) has welcomed Egypt as its newest member state. Egypt’s Prime Minister, H.E. Dr Mostafa Madbouly, committed North Africa’s most populous nation to become the 32nd member of the region’s leading infrastructure solutions provider, opening up a potential US$1billion of investments. “With the increasing […]
Updates
Speed Medical SAE, Secures EGP 1.57 Billion Capital Commitment from Global Emerging Markets
September 9, 2021/Aetoswire Speed Medical Company (EGX: SPMD), today announced a EGP 1.57 billion capital commitment from GEM Global Yield LLC SCS (“GGY”), the Luxembourg based private alternative investment group. Under the agreement, GGY will provide Speed Medical Co. (SPMD) with a Share Subscription Facility of up to EGP 1,570 […]
Gross Official Reserves Increased by US$610m to US$34.02bn in August 2021
September 8, 2021/Proshare by FBNQuest Research We see from CBN data that gross official reserves increased by USD610m to USD34.02bn in August. For a more accurate picture, we should adjust this gross figure for the pipeline of delayed external payments, which are estimated at +/- USD3bn. Total reported […]
