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FRA launches electronic registry of movable securities

The Egyptian Financial Regulatory Authority (FRA) has officially launched the electronic registry of movable assets that enables micro, small, and medium entrepreneurs to obtain additional financing for their projects by leveraging equipment and machines they own or what they intend to buy. Mohamed Omran, FRA chairperson, said at a press conference that Egypt was the …

Daily News Egypt

FRA approves securitisation bonds worth EGP 1.1bn

The Financial Regulatory Authority (FRA) approved the 7th issuance of securitisation bonds by the Egyptian Securitisation Company for the amount of about EGP 1.1bn. These bonds are considered one the biggest bond issuances in the Egyptian market. Moreover, the bonds are backed by the portfolio of Corporate Leasing Company Egypt S.A.E. (CorpLease). Furthermore, Commercial International …

Nihal Samir

Creating union between African exchanges forming strong entity attracts investors: Sherif Samy

Sherif Samy, former chairperson of the Financial Regulatory Authority (FRA), asserted that most African exchanges are still small, emerging ones, stating that there are only four African exchanges which can be considered as relatively strong on the investment map, namely the exchanges of Egypt, South Africa, Morocco, and Nigeria. “Other small African exchanges can adopt …

Daily News Egypt

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