Egypt
Egypt: First Abu Dhabi Bank withdraws non-binding offer of majority stake in EFG Hermes
First Abu Dhabi Bank announced on Thursday morning the withdrawal of the non-binding offer submitted on February 9, 2022, regarding the possible acquisition ...
Egypt
Egypt: OPay Egypt secures Central Bank of Egypt greenlight, set to issue prepaid cards
OPay Egypt, the leading fintech and electronic payments company, has announced that the Central Bank of Egypt has granted it the initial approval to issue ...
Egypt
Egypt’s annual core inflation records 10.1% in March: CBE
The annual core inflation rate recorded 10.1 percent in March 2022, compared to 7.2 percent in February 2022, the Central Bank of Egypt ...
Egypt
Egypt: Egyptian fintech startup PayMint secures 7-figure seed round
Egyptian fintech startup PayMint has secured a seven-figure US dollar seed investment to support its expansion plans in its home market. Launched in ...
Egypt
Egypt: Egyptian e-grocery marketplace ON Market raises $215k pre-seed funding
Egyptian e-grocery marketplace ON Market has raised US$215,000 in pre-seed funding to further expand its operations in Cairo, Alexandria, Tanta, Mansoura, and multiple ...
Egypt
Egypt: Telecom Egypt announces Egypt’s first open access Internet Exchange
Telecom Egypt, and AMS-IX, one of the largest subsea cables operators in the region have announced the launch of EG-IX, the first open access ...
Egypt
Egypt: National Bank of Egypt raises its stake in Fawry capital to 12.54%
Al-Ahly Pharos Securities Brokerage Company said that the National Bank of Egypt (NBE) raised its share in the capital of Fawry Company for ...
Egypt
Egypt: Egyptian credit fintech Lucky raises $25m Series A
Egyptian fintech Lucky has raised $25 million in a Series A funding round, the country’s largest fintech Series A to date. The round ...
Egypt
Egypt: Penalties of Imprisonment, fines for illegal foreign exchange trading
Trading with foreign currencies outside the approved banks or licensed exchange companies is punishable by imprisonment for at least six months to three ...
Egypt
Egypt: CBE rolls out InstaPay app for bank clients
The Central Bank of Egypt (CBE) has launched the National Instant Payment Network and InstaPay mobile app, which will allow clients to process fund ...
