EGYPT’S NEW BUSINESS LOAN
It has been approved on the last Monday that the Egyptian government has signed a $40 Million loan with the OFID that will be invested in micro-sized and small businesses in Egypt.
The agreement was signed by Sahar Nasr the Minister of International Cooperation, the agreement stipulated that the loan will be paid over 20 years.
THE INFLATION OF VODAFONE’S REVENUES
Vodafone has achieved a €390 Million revenues during the 4th quarter of 2015/2016’s fiscal year which was an 11.2% growth rate for Vodafone, This fiscal year ended in March 2016, Vodafone’s revenues have increased by 37% from the mobile data service.
The average revenues used by the company’s customers is EGP 28.3 in a month.
Copyright: Daily News
EGYPT FINALIZING THE IMF LOAN
Egypt is currently in the last stage of the three year USD 12 Billion IMF loan, as the finance Minister Amr El-Garhy said that we’re about to have USD 7 Billion in a year for the next three years, including USD 4 Billion yearly from IMF facility and a USD 2-3 Billion annually from the World Bank.