BANKING-

e-Finance wants its digital banking license: State-owned fintech firm e-Finance is considering applying for a digital banking license, Chairman Ibrahim Sarhan reportedly told Al Shorouk.

Remember:The Central Bank of Egypt (CBE) issued last week updated digital banking licensing rules, under which digital banks looking to finance large companies will need at least EGP 4 bn in capital.

AGRICULTURE-

Canada is providing funding to bolster our food security: The Canadian government has granted Egypt a CAD 10 mn grant to enhance food security and combat climate change, the International Cooperation Ministry said yesterday. The funding will go to a local program aimed at “boosting climate-smart agriculture and agricultural biodiversity to bolster the adaptability in the rural areas that are most affected by climate change in the Delta and Upper Egypt,” according to the statement. The program will be implemented alongside the UN Food and Agriculture Organization, the environment, agriculture and local development ministries, and the National Council for Women.

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