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 ...
Egypt
Egypt: Egypt’s Largest Banks Join Forces to Launch New $85M Fintech Fund
Three of Egypt’s largest national banks – Banque Misr, National Bank of Egypt, and Banque du Caire – and Global Ventures, a leading ...
Egypt
Egypt: Naspers unit invests in Egyptian fintech start-up
A unit of Naspers, Africa’s biggest company by value, and Egypt’s largest bank invested in Lucky, to help the fintech start-up in the North ...
Egypt
Egypt: Egyptian fintech startup Nexta raises $2.2m pre-seed round
Egyptian fintech and next-generation banking startup Nexta is set to launch operations after satisfying all Central Bank of Egypt (CBE) requirements and securing ...
Egypt
Egypt: Telecom Egypt sees 74% net profit in 2021
Egypt’s primary telephone company Telecom Egypt, recorded strong operational performance which has driven the telco’s net profits to an annual increase of 74 ...
Egypt
Egypt: Network International delivers on high growth strategy with 2021 revenue growth of 24% and underlying EBITDA growth of 27%
Reported net profit for the year was USD 56.6 million, a significant increase on USD 5.6 million recorded in 2020 Revenue increased 23.7% ...