Fawry gets insurance brokerage license: The Financial Regulatory Authority (FRA) has given e-payments chain Fawry final approval for a license to provide insurance brokerage services, Amwal Al Ghad reports, citing unnamed sources. Fawry’s insurance brokerage arm will kick off with EGP 2 mn in capital. There are now a total of 80 companies that provide the service in Egypt.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…