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Bank of Cairo announces new expansion step on the continent Tuesday, 20 April 2021 04:02 (Ecofin Agency) - Bank of Cairo is planning to expand part of its activities in Africa and the Middle East, according to local media Hapi Journal, which quotes Tarek Fayed (pictured), Managing Director of the state-owned financial institution. The initiative is expected to be carried out from a new entity whose creation has been approved by the Central Bank of Egypt, and which will be specialized in the management of payment solutions. Bank of Cairo s African ambitions began in 1995, when it established the Cairo International Bank Kampala in Uganda, in which it had a 62.5% stake. In 2020, the Egyptian banking group finalized the acquisition of additional shares in the capital of this bank, with two other Egyptian banks.

Al qahirahOragroup groupCairo international bank kampalaCentral bankEcofin agencyMiddle eastHapi journalTarek fayedManaging directorBeltone financialTogo based oragroup groupAfrican export import bankமைய வங்கிநடுத்தர கிழக்குஹப்பி இதழ்நிர்வகித்தல் இயக்குனர்