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 ...
Egypt
Egypt: Khazna Card Launched
New partnership was announced between fintech Khaza and ADIB Egypt and Masria Digital Payments (MDP), which comes up in the form of Khazna ...
Egypt
EGYPT : EGX ANNOUNCES DETAILS OF OFFER TO ACQUIRE BLOM BANK
The Egyptian Stock Exchange (EGX) announced the details and controls of the compulsory purchase offer submitted by the Arab Banking Corporation, to purchase ...
Egypt
EGYPT’S CENTRAL BANK ISSUES LE 22B IN T-BILLS, BONDS
The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 22 billion in treasury bills ...
Egypt
EGYPT’S CENTRAL BANK ISSUES GUIDING PRINCIPLES FOR SUSTAINABLE FINANCING
The Central Bank of Egypt (CBE) has issued the guiding principles for sustainable financing. The principles will provide the basis for planning and ...
Egypt
EGYPT:NATIONAL TELECOM REGULATORY AUTHORITY APPROVES USE OF VOLTE SERVICE
The National Telecom Regulatory Authority (NTRA) approved the use of the first voice over 4G LTE (VoLTE) service in the country. The NTRA’s ...
