North Africa

Shares in Marsa Maroc, the Moroccan port terminal operator and cargo handler, have risen 20% this week after they began trading on the Casablanca exchange on Tuesday following the company's Dh1.9bn ($194m) IPO.

The former head of loan syndication at African Development Bank has left for a role at a developmental financial institution in Cairo.

USAID has extended a $500m guarantee that will enable Tunisia to access affordable financing from the international capital markets, after plans for standalone access were put on hold in April.

Cleopatra Hospital Co has raised E£360m ($40m) with an IPO that its vice-chairman said was a sign of renewed investor confidence in Egypt’s capital markets and healthcare sector.

Egypt’s Banque Misr is finalising its second syndicated loan in over a decade, a murabaha deal for $200m.

Egypt’s Banque du Caire has cancelled plans to raise a loan for as much as $250m, but may consider signing a loan in 2016 instead.

The Egyptian loan market is showing signs of recovery with deals from Banque Misr and National Bank of Egypt in recent months. Bankers say there is more to come in 2016.

Egypt’s Banque Misr signed its $250m three year loan on Sunday with five lead banks.

Eqypt’s Banque Misr is finalising a $250m three year loan and will sign on Sunday, according to a banker close to the deal.

Egypt’s Banque Misr has completed the two month long senior syndication process for its $250m three year loan and launched general syndication on Sunday.

Egypt’s Banque Misr is planning a loan for around $200m and will mandate lead banks next week, according to an official in talks with the bank.

Egypt is planning to launch another deal from its $10bn conventional bond programme before year end, which should be followed by an international sukuk, delegates at the Euromoney Egypt Conference in Cairo heard this week.