Corplease secures $22m loan from AfDB to expand leasing financing to corporates and SMEs in Egypt

EGYPT — The African Development Bank has approved a US$22 million Senior Loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations in the North African country. The decision signaled confidence in a burgeoning local market and in the Egyptian economy as a whole. The revealed in statement that it will mobilize US$7 million of the $22 million from the Africa Growing Together Fund (AGTF), a co-financing fund, established with the People’s Bank of China. Corplease is a leading non-bank financial institution that provides diverse leasing products and services…

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