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 […]
Casablanca, Morocco – Attijariwafa Bank and Visa have announced a strategic collaboration aimed at transforming the digital payments landscape in Morocco and reinforcing the bank’s reputation as a leader in technological innovation. This partnership is set to accelerate the bank’s initiatives in emerging payment technologies, aligning with the evolving needs of customers. By combining Visa’s […]
Cairo – Beltone Holding (“Beltone” or the “Company”) announces that its Board of Directors has approved to proceed with all legal and regulatory procedures to increase the Company’s capital with an amount of EGP10.75 billion. This decision comes after the successful capital increase of EGP10 billion last year The Board of Directors’ approval supports the […]
This strategic partnership aims to bolster ACC’s ongoing and future projects in Egypt and the GCC region. December 23, 2024 Cairo, Egypt – Emirates NBD Egypt has signed a significant financing agreement with Arabian Construction Company (ACC), one of the leading construction firms in the Middle East, by granting EGP 2.5 billion in credit facilities. This […]
A leading social enterprise focused on sustainable development and organic agriculture in Egypt. December 18, 2024 Cairo: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, announces the signing of an EGP350 million sale and leaseback agreement with SEKEM Group, a leading social enterprise focused on sustainable development and organic agriculture in Egypt. This partnership involves […]