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Seven would-be consumer finance companies want to enter the increasingly crowded industry
Seven consumer finance companies have license applications in with the FRA to formally join an increasingly crowded industry, Al Mal…
Central Bank of Egypt grants payment facilitator certification to Raya’s Aman
Raya Holding subsidiary Aman for e-payments has received approval from the Central Bank of Egypt (CBE) to become a certified…
Careem and Visa partnering in new financial payment services for drivers
Uber subsidiary Careem is planning to roll out new financial payment services in partnership with Visa to provide its drivers…
FRA tightens prudential regulations on consumer finance companies
REGULATION WATCH- The FRA has set new solvency standards for consumer finance companies in a bit to curb concentration risk…
Rawaj to recall EGP 226.5 mn of securitized bonds to benefit from falling interest
DEBT WATCH- AIH’s Rawaj to recall EGP 226.5 mn of securitized bonds to benefit from falling interest: Rawaj Finance is…
EFG and GB Auto to complete purchase of 75% Tokio Marine Egypt in 2Q2020
M&A WATCH- EFG Hermes, GB Capital to close Tokio Marine majority stake acquisition before the month is out: A consortium…
Tanmeyah Micro Enterprise Services issues EGP 545 mn securitized bonds as part of EGP 3 bn program
DEBT WATCH- EFG’s Tanmeyah issues EGP 545 mn in securitized bonds as part of EGP 3 bn program: Tanmeyah Micro…
What we’re tracking on 31 May 2020
…And we’re back, ladies and gentlemen. We hope all of you enjoyed the past nine days off as much as…
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