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Egypt’s Fawry to move into micro insurance brokerage early 2020
Fawry is planning to venture into micro insurance brokerage by early 2020, CEO Mohamed Okasha told the press, without providing…
FINANCIAL SERVICES
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Egypt’s Prime Holding acquires close to 10% of AT Lease at EGP 29 mn
M&A WATCH- Prime Holding has acquired close to 10% of Al Tawfeek Leasing (AT Lease) in a transaction worth nearly…
Tamweely Microfinance to launch seven new branches through partnership with National Postal Authority
Tamweely Microfinance is launching seven new branches in National Postal Authority (NPA) offices throughout Egypt as part of a partnership…
CI Capital’s BoD approves launching consumer finance arm
CI Capital’s board of directors have approved setting up a consumer finance company offering installment plans for durable goods, according…
Raya’s microfinance arm Aman in negotiations eyes EGP 500 mn in loans from five banks
Raya Holding’s microfinance subsidiary Aman is seeking to borrow EGP 500 mn from CIB, Suez Canal Bank, Attijariwafa Bank, Blom…
FRA issues new guidelines for takaful insurers switching to conventional policies
Mutual guarantee “takaful” insurance providers looking to make a switch to offering conventional insurance plans will now have to comply…
Aman in talks with four banks to increase credit portfolio to EGP 700 mn
Raya Holding’s microfinance arm Aman is in talks with four banks to increase its credit portfolio to EGP 700 mn…
What we’re tracking on 27 June 2019
We have a nice long weekend ahead of us, as Sunday is off in observance of 30 June. Banks and…
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