MNT-Halan's Tasaheel closes Egypt's first SME-focused issuance worth EGP4.7bln
Cairo – Tasaheel, Egypt's largest and fastest-growing lender for small businesses and entrepreneurs, and part of MNT-Halan, has successfully completed Egypt's first securitization issuance backed exclusively by a portfolio of SMEs, with a total value of EGP 4.7 billion across six tranches. This transaction underscores the company's leadership in supporting this vital economic sector and marks the largest securitization issuance in Egypt in 2025.
The issuance was rated 'P1' for short-term tranches and 'A-' for long-term tranches by MERIS (Middle East Rating & Investors Service), reflecting the strength and quality of the underlying portfolio.
This transaction aligns with Tasaheel's strategy to provide financial solutions that promote financial inclusion and drive economic growth by supporting entrepreneurs and SMEs, while expanding access to financial services across Egypt.
Ahli Pharos and the Arab African International Bank acted as financial advisors and lead arrangers for the transaction. Matouk Bassiouny ; Hennawy served as legal advisor, while
Baker Tilly acted as the financial auditor. The issuance was underwritten by the National Bank of Egypt (NBE), Commercial International Bank (CIB), Suez Canal Bank, Arab African International Bank, and Ahli Pharos. The Egyptian Gulf Bank acted as the custodian bank.
Mounir Nakhla, Founder and CEO of MNT-Halan, commented: This issuance marks an important milestone in Tasaheel's journey and reflects the strength of its credit portfolio and the trust placed in its performance by financial institutions. Expanding access to finance for SMEs is a cornerstone for supporting Egypt's economic development, and we are proud to lead this effort through Tasaheel.
It is worth noting that Tasaheel disburses over EGP 1 billion monthly to support entrepreneurs and small businesses and holds more than 70% market share within the non-banking financial sector in Egypt, solidifying its leadership in this field.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
South Africa: Any Review of Labour Legislation Must Be Clear About Its Intentions, says Select Committee Chair
The Chairperson of the Select Committee on Economic Development and Trade, Ms Sonja Boshoff, has called on the Department of Employment and Labour to give careful thought to what it aims to achieve through the review of South Africa's labour legislation. The department informed the committee that it intends to review and amend approximately six pieces of labour legislation – a process that has already commenced at Cabinet level. On Wednesday, the department presented its strategic plan and annual performance plan to the committee. Ms Boshoff emphasised that the review of labour legislation must take into account the country's stagnant economy and soaring unemployment rate. 'Any review or future amendment to labour legislation must be practical and responsive to the realities faced by small players in the economy. Legislation must serve as an enabler for job creation and economic growth,' she said. 'In today's South Africa, we should be preoccupied with reducing red tape and moving away from race-based policy positions. This is not to suggest that the economic empowerment of the previously disadvantaged should be abandoned, but rather that we must rethink our priorities and focus on the broader population – not just the politically connected.' Ms Boshoff added that the legislative review process must unlock economic participation, particularly for emerging and marginalised market players. 'As a committee, we will not tire in advocating for conditions that make it easier to do business and that create opportunities for deserving and competent individuals. It is truly ironic that labour legislation, which should be designed to protect and promote employment, is in some cases the very reason job creation is being stifled. We still owe it to South Africans to empower both job seekers and potential employers alike,' Ms Boshoff said. Distributed by APO Group on behalf of Republic of South Africa: The Parliament.
Zawya
3 hours ago
- Zawya
Ghana, Eswatini forge stronger ties during King Mswati III's state visit
Ghana rolled out the red carpet for His Majesty King Mswati III of the Kingdom of Eswatini, signalling a strong mutual desire to deepen bilateral relations and promote the cause of African unity and trade. President John Dramani Mahama and Vice President Naana Jane Opoku-Agyemang officially welcomed the King and Queen at the presidency's forecourt with a vibrant display of Ghanaian music and dance. Following the ceremonial reception, President Mahama and King Mswati III engaged in bilateral talks in the Credentials Hall, culminating in the signing of a Memorandum of Understanding (MoU) to establish a Permanent Joint Commission for Cooperation. The agreement will provide a formal framework for enhancing cooperation across various sectors. In his remarks, President Mahama welcomed the Eswatini delegation, emphasising the significance of the visit in cementing the existing ties. 'We're very honoured to have you on this visit,' President Mahama stated. 'We believe that this visit would cement the ties and relationship between our two countries.' President Mahama highlighted Ghana's historical role as the first sub-Saharan nation to gain independence and its contribution to liberation struggles across the continent, welcoming the King to the 'country of freedom and justice.' He reiterated Ghana's commitment to fostering closer ties among African nations, recalling the vision of Ghana's first president, Dr Kwame Nkrumah, for African unity. The Ghanaian President also emphasised the importance of the African Continental Free Trade Area (AfCFTA) protocol, which Ghana has ratified. The protocol enables the free movement of goods and services across African markets. He hoped the bilateral discussions would strengthen cooperation and leverage the opportunities presented by the AfCFTA. 'Your visit and the bilateral discussion that will take place after will form the framework for the cooperation between our two countries,' President Mahama remarked. President Mahama also stated that the King's visit would feature a significant cultural exchange. The king is scheduled to visit the Asante Kingdom to meet his 'brother,' His Royal Majesty the Asantehene Otumfuo Osei Tutu II, who had previously visited the Presidency in anticipation of the King's arrival. Distributed by APO Group on behalf of The Presidency, Republic of Ghana.
Zawya
3 hours ago
- Zawya
United Nations (UN) Women Executive Board lauds progressive gender equality and women's empowerment work in Zimbabwe
UN Women Executive Board's visit to Zimbabwe from 4-10 May 2025 marked a pivotal moment in the country's ongoing efforts to advance gender equality and women's empowerment. The visit, led by H.E. Ms. Nicola Clase, Ambassador and Permanent Representative of Sweden to the United Nations and President of the UN Women Executive Board, provided an opportunity to showcase the impact of UN Women's programming in the country while strengthening strategic partnerships with key stakeholders. "I note the strong legal frameworks for gender equality and women's empowerment,'acknowledged Ambassador Nicola Clase, President of the UN Women Executive Board. 'We encourage the government and partners to focus on the effective implementation of these laws.' High-Level Engagements Throughout the week, the delegation engaged with government officials, development partners, civil society organizations, traditional leaders, the private sector, and women's rights organizations to deepen collaboration and assess progress on gender-responsive policies and initiatives. In a productive meeting with the country's president , H.E Emmerson Mnangagwa, there was reaffirmation of Zimbabwe's commitment to gender equality. "We believe gender equality is not only a fundamental right, but also a necessity for national growth. Zimbabwe remains steadfast in its commitment to empowering women and girls,' assured President Mnangagwa. The delegation also met Senator Monica Mutsvangwa, Minister of Women Affairs, Community, and Small and Medium Enterprises Development. She highlighted the government's ongoing initiatives saying,"Zimbabwe has made significant strides in advancing women's rights, and will continue to strengthen policies that ensure women's full participation in economic and social development." Jacob Francis Mudenda, Speaker of Parliament, emphasized the importance of inclusive governance. "Ensuring women's full participation in governance and business will drive Zimbabwe forward into a more inclusive future," he said. Field Visits Showcasing Impact The Executive Board members visited Umzingwane Safe Market, Epworth Safe Market, Maker Space Innovation Hub, and the Knowledge Hub at Rosaria Memorial Trust where the team saw the impact of innovative approaches to supporting women's economic empowerment and safety in informal marketplaces. These engagements demonstrated UN Women's commitment to creating sustainable opportunities for women, improving livelihoods, and fostering gender-responsive practices. Speaking about her transformation as a clothing trader in the market, Sarah Muchengeti had this to say, "The biggest challenge before the Epworth Safe Market was finding a secure and reliable place to work. This initiative gave me a proper workspace, where I can now take larger orders and grow my operation. My vision has changed—I am no longer just working to survive; I am building a legacy. My family now sees me as a successful businesswoman, and my children are inspired by what I have accomplished." Reflections from the Region and Country The visit by the board was a proud moment for the UN Women Zimbabwe team, whose extensive preparations ensured a seamless and impactful experience. Anna Mutavati, Regional Director for East and Southern Africa, emphasized the significance of the engagement, "This visit reinforced the importance of partnerships in driving change. It is inspiring to see the Executive Board acknowledge the progress we've made in Zimbabwe." Fatou Lo, UN Women Zimbabwe Country Representative, who spearheaded the visit, highlighted the collaborative effort involved, "This was a collective achievement, the dedication of our teams and partners made it possible to showcase our work and deepen strategic discussions on gender equality.' Lovenes Makonense, Deputy Country Representative, reflecting on the experience, said, 'Being able to present the tangible impact of our work was incredibly rewarding. The enthusiasm from stakeholders reaffirmed our mission to empower women across all sectors." Looking Ahead As the Executive Board concluded its visit, the momentum gained from these discussions will continue to shape UN Women's programming in Zimbabwe. The visit amplified the power of collaboration and the need for sustained investment in gender equality initiatives. UN Women Zimbabwe remains deeply appreciative of all partners, stakeholders, and government officials who contributed to the success of this visit. As the team reflects on the week-long engagements, one message remains clear: the commitment to empowering women in Zimbabwe is stronger than ever. Distributed by APO Group on behalf of UN Women - Africa.
