January 3, 2025 Cairo, Egypt: Raya Holding for Financial Investments proudly announces a strategic partnership between Aman for Non-Banking Financial Services and Digital Payments, Jarir Bookstore, the largest retail company in Saudi Arabia and a leading distributor of electronics, books, and stationery in the GCC, and Al-Manea, the leading retail companies specializing in home appliances. This collaboration marks a pivotal milestone for Aman as it enters […]
January 3, 2025 EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) announced today that its investment banking division successfully concluded advisory on a future cash flow securitization issuance worth EGP 500 million for Badr University in Assiut (BUA), one of CIRA’s flagship universities. This […]
Cairo, Egypt – In a significant move to drive digital transformation in the Egyptian insurance sector, Al Ahly Momkn has signed a strategic partnership agreement with Al Mohandes Insurance Company. The partnership aims to enhance electronic payment services, offering a seamless and secure payment experience for insurance clients across the country. Under the agreement, clients of […]
As a leader in the mortgage sector, Banque Misr offers a wide range of mortgage products through Central Bank initiatives and independently, catering to various customer segments both within Egypt and abroad. Date: January 1, 2025 Egypt – Banque Misr has announced a significant increase in its mortgage portfolio, which rose by approximately EGP 3bn […]
Egypt – In line with Egypt’s Vision 2030 to foster digital transformation, the Central Bank of Egypt (CBE) has issued a new set of decrees extending the exemption of fees and commissions for bank transfers made via electronic channels, including internet banking and mobile banking apps in Egyptian pounds. This exemption also applies to all […]
These changes are part of the CBE’s ongoing efforts to enhance financial inclusion and facilitate greater access to banking services across various sectors. December 30, 2024 The Central Bank of Egypt (CBE) has announced an increase in the maximum transaction limits for financial inclusion accounts, which apply to withdrawals, outgoing transfers, debit operations, and purchases. […]
Flend, a pioneering digital financing platform specializing in small, emerging, and medium-sized enterprises (SMEs), has achieved a groundbreaking milestone by becoming the first non-bank digital financial institution (Digital NBFI) in Egypt. The license, granted by the Egyptian Financial Regulatory Authority (FRA), empowers Flend to revolutionize the SME financing landscape through cutting-edge digital solutions. As the […]
Klivver Payments Secures Regulatory Approval to Launch Consumer Finance Company [Cairo, Egypt – Klivvr Payments, a prominent fintech company, has received regulatory approval from the Financial Regulatory Authority (FRA) to establish a consumer finance company. This milestone underscores Klivvr’s commitment to expanding non-banking financial solutions, fostering financial inclusion, and empowering customers with innovative and secure […]
Cairo, Egypt – In a significant step toward boosting Egypt’s entrepreneurial ecosystem, the Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has announced a $3 million investment in Foundation Ventures Fund. The partnership aims to drive innovation, create jobs, and promote sustainable economic growth in alignment with Egypt’s Vision 2030 strategy. Fueling Egypt’s Startup Ecosystem […]
Cairo, Egypt – EdVentures, the leading EdTech-focused corporate venture capital firm in MENA, has announced six-digit investments in two promising EdTech startups through its innovative EdTech Ventures Studio (EDVS) program. This new funding expands EdVentures’ portfolio to a total of 24 startups. Launched earlier this year in partnership with the Challenge Fund for Youth Employment (CFYE), […]