Egypt-based Al Tadamun Microfinance and CIB sign Credit Facility Agreement worth $3.08mln – Fintech News Egypt

Al Tadamun Microfinance Foundation Renews EGP 150 Million Credit Facility with Commercial International Bank (CIB) Cairo, Egypt – Al Tadamun Microfinance Foundation, a leading institution in financing women-owned micro-enterprises, has announced the renewal of its credit facility agreement with the Commercial International Bank – Egypt (CIB). The renewed agreement, worth EGP 150 million, aims to […]

Financial Regulatory Authority Halts New Applications for Traditional Consumer and Microfinance Licenses for One Year – Fintech News Egypt

In a move aimed at strengthening financial stability and enhancing the role of non-banking financial institutions in Egypt’s national economy, the Financial Regulatory Authority (FRA) has announced a one-year suspension on accepting new applications for the establishment and licensing of companies looking to engage in traditional microfinance and consumer finance activities. This suspension also applies […]

Emirates NBD Egypt and Alexandria Business Association Ink EGP 400 Million Financing Deal to Boost Microfinance Services in Egypt – Fintech News Egypt

Cairo, Egypt – Emirates NBD Egypt has signed a new EGP 400 million financing contract with the Alexandria Business Association (ABA), marking a significant step towards expanding microfinance services to individuals and small businesses across Egypt. The collaboration aims to enhance financial inclusion and accelerate economic development in line with the strategic goals of the […]