Egypt
Egypt Secures $250 Million Islamic Trade Loan Facility from AFC and ITFC
Africa Finance Corporation (AFC) has entered into a groundbreaking agreement with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic ...
Egypt
Egypt Maintains Interest Rate at 19.25% in September 2023 Meeting
In its September 2023 meeting, the Central Bank of Egypt opted to keep its key overnight deposit rate unchanged at 19.25%, maintaining the ...
Egypt
Egypt: Fintech- A Cornerstone in Egypt’s Banking and Financial Development, Says CBE
The Central Bank of Egypt (CBE) has emphasized that the financial technology sector plays a crucial role in driving the development of Egypt’s ...
Egypt
Egypt: Opay’s Ambitious Plan- Applying for a Digital Bank License in Egypt
Fintech firm Opay is gearing up to apply for a digital bank license in Egypt, with a proposed capital of $60 million, as ...
Egypt
Egypt Embraces Digital Banking for a Cashless Future
Egypt is embracing digital transformation and innovation to strengthen its economy, with a particular focus on digitalizing its banking system. The Central Bank ...
Egypt
Global: CBE pays $7.154 bln in debts for Egypt
The Central Bank of Egypt (CBE), on behalf of the Egyptian government, paid about US$7.154 billion by the end of the second quarter ...
Egypt
Egypt sells $121.6 mln stake in state-controlled Telecom Egypt
Egypt’s government sold a 9.5% stake in state-controlled Telecom Egypt for 3.75 billion Egyptian pounds ($121.6 million), the finance ministry said in a statement ...
Egypt
Egypt’s Balad Secures Funding for Digital Remittance Platform Launch and Expansion
Balad, a Cairo-based fintech startup focused on remittances, has received a pre-seed investment of seven figures in USD led by Acasia Ventures, an ...
Egypt
Egypt: Mastercard and egabi collaborate to expand access to digital lending solutions across Africa
One month after its partnership with the National Bank of Egypt focused on the digitalization of the local economy, Mastercard signs a new ...
Egypt
Egypt: Privatization – Egypt’s Only Weapon to Survive the Repercussions of the War in Ukraine
t, and Arab African International Bank, are among the scheduled transactions. Insurance, electricity, and energy companies, as well as hotels and industrial and ...
