Cairo – Mubasher: National Bank of Egypt (NBE) signed a financing agreement worth EGP 760 million with Misr Technology Services (MTS) to establish ‘Nafiza’ project.
Under the deal, a new electronic window connected to logistics centres in the country will be established, the lender’s deputy chairman Yehia Aboul Fotouh said in a statement.
Such loan will be used to finance part of the investment cost of the project, amounting to more than EGP 1 billion, head of corporate and syndication group at NBE Sherif Riad noted.
