Egypt's Beltone Investment Holding Launches $100Million Private Credit Platform
Egypt-based Beltone Investment Holding (BIH), an affiliate of Beltone Holding, has launched a $100 million private credit platform to support Egyptian exporters.
Why is this important: Few private credit offerings exist across Africa, and Beltone's platform provides a unique opportunity in the Egyptian financial markets. The private credit platform offers services like working capital finance and cash flow discounting to Egyptian companies looking to grow and expand across Africa and the Arab region.
The bottom line: Private Credit as an asset class has grown, offering portfolio diversification benefits for investors. Its popularity is increasing in developed markets, but Africa has yet to catch on; the Beltone platform provides a window of opportunity for other investors to learn from it and explore its possibilities.