AfrixemBank loans $200M to Banque Misr for SMEs

CAIRO – 22 June 2017: The African Import and Export Bank (AfrixemBank) will pay a $200 million loan to Banque Misr to finance small and medium enterprises (SMEs).

The loan will be sent in July, an unnamed executive from the bank told Reuters Thursday.

AfreximBank signed the agreement with Egypt’s second largest state-owned bank Wedensday, the executive said.