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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…
Egypt suspends privatization program again due to “unfavorable” conditions
PRIVATIZATION WATCH- The state privatization program is still on ice due to the “unfavorable” market conditions caused by the covid-19…
What we’re tracking on 30 June 2020
Welcome to the final day of 1H2020, which must surely rank near the top of the league table for worst…
Central Bank of Egypt launches initiative to add 6.5k ATMs nationwide
The Central Bank of Egypt is helping banks to roll out 6.5k ATMs across the country as part of a…
Egyptian fintech startup MoneyFellows raises USD 4 mn in series A round
STARTUP WATCH- Egyptian fintech startup MoneyFellows has raised USD 4 mn in series A funding from Sawari Ventures and Partech,…
EBRD to provide CIB with USD 100 mn to support SMEs impacted by covid-19
DEBT WATCH- EBRD to provide CIB with USD 100 mn to support SMEs impacted by covid-19: The European Bank for…
Earnings watch: Fawry, Porto Group
EARNINGS WATCH- Fawry reports 82% growth in profits in 1Q2020: Profits at e-payment service provider Fawry surged by 82% in…
Careem to roll out delivery and e-wallet application Super App by end of month
Uber subsidiary Careem has launched a new app, Super App, consolidating its ride-hailing services for cars and bikes along with…
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