Egypt
Cairo transport App Schoolz raises 6-figure pre-seed round
Schoolz, a school kids transportation startup has raised a 6-figure pre-seed funding round from both Egypt and Saudi Arabia investors. The Schoolz App ...
Egypt
EGYPT: BANK ABC ACQUIRES 99.5% OF BLOM BANK EGYPT
The Arab Banking Corporation (Bank ABC) has completed its acquisition of 99.5% of BLOM Bank Egypt, to expand its presence in the Middle ...
Egypt
Egypt among top three in MENA regions with highest startup investment rates
MAGNiTT has announced the launch of its first quarter of 2021 reports, which cuts across the eCommerce, food and beverage, fintech, delivery and logistics ...
Egypt
EGYPT’S MOBILE OPERATORS TO REFUND EGP 2M TO CUSTOMERS FOR SERVICE FAILURES
The National Telecom Regulatory Authority (NTRA) has obliged mobile operators in Egypt to refund EGP 2m to their respective customers due to service ...
Egypt
EGYPT : CENTRAL BANK OF EGYPT SETS UNIFIED DEFINITIONS FOR ACTIVE, DORMANT BANK ACCOUNTS
The Central Bank of Egypt (CBE) has set unified definitions for active and dormant bank accounts in the local market, in light of ...
Egypt
EGYPT’S CENTRAL BANK TO KEEP INTEREST RATES UNCHANGED
The Monetary Policy Committee (MPC) has decided to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the ...
Egypt
EGYPT’S BANK DEPOSITS IN LOCAL CURRENCY INCREASE BY EGP 376.1BN DURING H1 2021
Egypt’s bank deposits in the local currency increased by EGP 376.104bn to EGP 4.036trn during the first half (H1) of 2021, compared to ...
Egypt
Sawari Ventures invests $3.6M in Egypt grocery delivery platform GoodsMart
GoodsMart, a grocery delivery platform in Egypt has raised $3.6 million led by Sawari Ventures. The funds will be channeled towards market expansion. ...
Egypt
EGYPT : CASH ON DELIVERY DROPS 85% AS CONSUMER TRUST IN DIGITAL PAYMENTS CONTINUES TO RISE – VISA
Egyptian consumers are increasingly stepping away from cash, and putting trust in digital payments during COVID-19, according to 2021 Stay Secure survey. Cash ...
Egypt
Egypt: MoneyHash Pre-seed Funding To Build Super API for a Unified Experience
The fintech firm MoneyHash based in Egypt has released a statement about an undisclosed pre-seed investment by COTU Ventures, Kepple Africa Ventures, and ...
