Egypt Factors: Financing trade in times of turmoil

CAIRO: At times of global financial turmoil, companies can fall victim to tightened credit conditions from commercial banks. But when money gets tight, factoring companies thrive.With Egypt’s first factoring company now up and running, local exporters can turn to a less traditional source of finance to ensure they have access to credit.“At times like these when liquidity is an issue, we have a very good opportunity in the market,” said Marius Savin, general manager of newly-established Egypt...