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National Bank of Egypt expands internet, mobile banking platforms
The National Bank of Egypt (NBE) has added new services to its internet banking platform its mobile banking app, the…
Fintech
CIB offers remote training for Egypt’s private university students
CIB has completed Egypt’s first online training program for undergraduates from AUC, GUC, and the Arab Academy for Science and…
What we’re tracking on Monday, 24 August 2020
It’s an unusually heavy news day for a Monday, and on the whole the news is generally good as we…
Egyptian stock trading platform Thndr receives brokerage license
STARTUP WATCH- Cairo-based investment platform Thndrwas awarded Egypt’s first new brokerage license since 2008, according to a company statement (pdf).…
Earnings Watch- EFG Hermes saw 8% y-o-y net profit growth in 2Q2020
EARNINGS WATCH- EFG Hermes saw 8% y-o-y net profit growth in 2Q2020: EFG Hermes saw net profits grow to EGP…
Paymob partners with Germany’s Holyo to allow gamers to make online purchases
Gamers can now pay online without a credit card thanks to Paymob: Online payment processor Paymob has partnered with German…
Fawry becomes first Egyptian tech company to achieve USD 1 bn market cap
STARTUP WATCH- Fawry is officially Egypt’s first unicorn: EGX-listed e-payments firm Fawry became the first Egyptian tech company to hit…
EFG’s ValU is in talks with Egyptian banks for EGP 250 mn credit facility
EFG Hermes’ e-finance platform ValU is currently in talks with several unnamed banks for a new EGP 250 mn credit…
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