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Whether you call them digital banks, challenger banks or neobanks, this much is clear: The flavor of the decade in global banking is coming to Egypt in early 2024. That’s when most of us expect the first homegrown digital bank to open its (virtual) doors. Digital banks are all about digitalizing the banking experience — […]
Author Archives: enterpriseam admin
Posted inInvestment Watch
Snackmaker Edita lands USD 45 mn loan from the IFC to fuel growth
The loan will support the company’s working capital, fund fresh capex, and help it settle a previous loan from the IFC
Posted inEconomy
Nearly a fifth of our external debt is due next year
Egypt to pay USD 29.2 bn in debt dues during 2024
Posted inPrivatization
What’s happening with Midar?
Midar was established in 2006 to develop the 11k-feddan Mostakbal City project
Posted inDEBT WATCH
Al Ahly Tamkeen Microfinance closes EGP 707 mn bond issuance
The issuance brings the total value of securitized bonds issued in Egypt so far this year to EGP 55.2 bn
Posted inFintech
Valu to expand into Jordan, puts Saudi on hold for now
The fintech has shelved plans to expand in Saudi, citing problematic market conditions
Posted inLAST NIGHT’S TALK SHOWS
Talk shows continue wall-to-wall coverage of Homeland conference
The “St ory of a Homeland ” forum once again dominated last night’s talk shows. El Hekaya’s Amr Adib (watch, runtime: 4:39) and Masaa DMC’s Osama Kamal (watch, runtime: 13:04) gave time to President Abdel Fattah El Sisi’s directive to the Transport and Housing ministries to complete national projects “with me or someone else.” Pundits […]
Posted inEGYPT IN THE NEWS
NYT spotlights Wael Hana, the Egyptian-American businessman tied up in the Bob Menendez corruption scandal
There isn’t much being written about Egypt internationally this morning: The New York Times is out with a piece detailing the rise and fall of the co-defendant in US Senator Robert Menendez’s case, the Egyptian halal meat importer Wael Hana. Meanwhile, the Daily Mail reports that eight storage chambers have been uncovered by an Egyptian, […]