BusinessDay
Nigeria's leading finance and market intelligence news report.

Egypt to provide $6bn in loan guarantees to aid business

Egypt’s central bank will provide up to 100 billion Egyptian pounds ($6.36 billion) in loan guarantees to banks to encourage lending to businesses during the coronavirus crisis, the state news agency quoted the bank’s governor as saying on Tuesday. What Egypt is putting aside as fire power to stimulate its much smaller economy and was…



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