Egypt’s Banque Misr to Borrow $250 Million, Grow in Africa
- State-run lender planning to enter Somalia, Djibouti and Kenya
- Banque du Caire stake sale seen concluding in first half 2020
Photographer: Gerald Matzka/picture alliance via Getty Images
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Banque Misr SAE is seeking to borrow $250 million from international lenders this year to boost financing at home, while it presses on with plans to expand into three countries it’s targeting in sub-Saharan Africa.