Pargo Expands to Egypt, Launches ‘Collect and Return’ Service at Over 500 Points October 2024 — South Africa’s leading e-commerce logistics company, Pargo, has announced its expansion into Egypt with the official launch of its Collect and Return service, available across 500 Pargo Points. These collection points, established in partnership with local outlets like Fawry, […]
Zoho Corp Reports 33% Revenue Growth and Strengthens Partnership with Fawry to Drive Egypt’s Digital Economy October 24, 2024 – Cairo, Egypt: Zoho Corp., a leading global technology company, has announced a 33% increase in revenue and a 23% growth in its channel partner network in Egypt since 2023. The announcement was made during Zoholics […]
In a strategic move to enhance digital payment solutions across the Middle East, Turkey, and Africa (META), tpay Mobile has announced a groundbreaking partnership with Geidea, a leading payment solutions provider. This collaboration aims to bring a comprehensive range of payment options to merchants, further advancing financial accessibility in the region. The partnership integrates Direct Carrier Billing (DCB), […]
Dubai, UAE, 22 October 2024 – MultiBank.io, the cryptocurrency exchange arm of MultiBank Group, the world’s largest financial derivatives institution headquartered in Dubai, today announced the appointment of Ryan Kim as CEO of MultiBank.io. Kim will oversee the global expansion of the exchange, focusing on scaling its derivatives-driven operations. A former Wall Street FX options […]
October 22, 2024 — Cairo Kredit, a leading finance company focused on small and medium enterprises (SMEs) and affiliated with the GB Capital Group, has announced the successful acquisition of 100 million EGP in funding from Banque du Caire. This new injection of capital is set to fuel the growth of SMEs in Egypt, a […]
October 22, 2024 — Cairo, Egypt: Raya Foods, a leading player in Egypt’s food manufacturing industry, has announced a major investment of $40 million, led by Helios Investment Partners, one of Africa’s largest private equity firms with $3 billion in assets under management. This significant funding is part of Raya Foods’ broader strategy to bolster […]
In a significant move to strengthen its partnership base and support vital economic sectors, Suez Canal Bank has signed a credit facilities contract worth EGP 1.2 billion with Madkour Projects Company. This collaboration aims to provide innovative and flexible financing solutions to various institutions, enabling them to expand their operations and achieve strategic objectives. Signing […]
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 […]
Kuwait City – myFatoorah, a leading Kuwait-based payment solutions provider, has become the first company in its sector to adopt DHL’s GoGreen Plus service. This initiative aligns with myFatoorah’s commitment to sustainability by contributing to the use of Sustainable Aviation Fuel (SAF) for all international shipments. The adoption of GoGreen Plus, a key component of […]
FRA Mandates Non-Banking Fintech and Insurance Companies to Verify Customer Mobile Numbers for Digital Transformation Push Cairo, Egypt – The Financial Regulatory Authority (FRA) has issued a new directive requiring non-banking fintech institutions and insurance companies to verify the validity of their customers’ mobile phone number ownership, according to an official statement. The decision is […]