Egypt
Egypt: Sawari Ventures to Boost African Startups with $200 Million Fund
Egypt-based venture capital firm, Sawari Ventures, is gearing up to launch its second fund, Sawari Ventures II, in early 2025, targeting a $200 ...
Egypt
Egypt: Mastercard and National Bank of Egypt Introduce AI-Powered Digital Employees for Enhanced Customer Service
Mastercard and the National Bank of Egypt (NBE) have entered a pioneering partnership to deploy AI-powered digital employees, transforming customer service interactions within ...
Egypt
Egypt’s Central Bank Holds Interest Rates Steady for Third Consecutive Time
The Central Bank of Egypt (CBE) has decided to maintain its benchmark interest rates unchanged for the third consecutive time, citing the balance ...
Egypt
Egypt: CBE Auctions $1.13 Billion in Treasury Bills
The Central Bank of Egypt (CBE) conducted two treasury bill (T-bill) auctions on Thursday, August 22, 2024, with a total value of EGP ...
Egypt
Egypt: Central Bank Permits Banks to Set Foreign Currency Withdrawal Limits
The Central Bank of Egypt (CBE) has announced that banks can establish their own policies for foreign currency withdrawal limits, provided these policies ...
Egypt
Egypt Dominates MENA Startup Funding in July 2024
In July 2024, Egypt emerged as the frontrunner in startup funding within the MENA region, securing the largest investment inflows. The country’s vibrant ...
Egypt
Egypt: Central Bank of Egypt Orders Banks to Ease Account Opening for Non-Resident Foreigners
In a recent directive, the Central Bank of Egypt (CBE) has instructed banks to streamline the process for non-resident foreigners to open bank ...
Egypt
Egypt’s Lucky ONE secures $3M to expand operations and enter new markets
Lucky ONE, a prominent Egyptian fintech founded by Ayman Essawy (Chairman), Momtaz Moussa (CEO), and Marwan Kenawy in 2019, has successfully secured $3 ...
Egypt
Egypt: Cartona Secures $8.1 Million in Series A Extension to Accelerate Growth Across Egypt and MENA
Cartona, the leading B2B e-commerce marketplace based in Egypt, has successfully closed an $8.1 million Series A extension round. This new funding will ...
Egypt
Egyptian Fintech Company MNT-Halan Secures $157.5 Million for International Expansion
Egyptian fintech company MNT-Halan has successfully raised $157.5 million in a funding round aimed at supporting its international expansion. This latest funding round ...
