Friday June 14th, 2024
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Beltone Launches $100M Private Credit Platform for Egyptian Exporters

Beltone Investment Holdings is investing in the future export giants of the Egyptian economy.

Startup Scene

Beltone Launches $100M Private Credit Platform for Egyptian Exporters

Beltone Investment Holdings (BIH), a subsidiary of Beltone Holding, a financial solutions provider in the Middle East and North Africa region, has announced the launch of a $100 million private credit platform to ease financial strain on Egyptian export enterprises.

As Egypt’s economy is poised to become more export-oriented in the near future, BIH is looking to establish a comprehensive facilitatory platform to aid the growth prospects of the Egyptian economy. The size of the platform is intended to be adaptable to market demand and expected to grow over time. All the correct licensing has been obtained to commence operations, and the $100 million financing for the platform will be loaned by an anchor shareholder of Beltone Holding.

With a focus on collaborating with companies engaged in offshore projects, offering support like working capital finance and cash flow discounting, BIH is reportedly committed to building the next generation of Egyptian businesses to represent the nation in the GCC, Africa and beyond.

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