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CBE cuts interest for three of its financing initiatives, raises ATM withdrawal cap
REGULATION WATCH- CBE cuts interest for three of its financing initiatives: The Central Bank of Egypt (CBE) has reduced the…
Fawry, National Bank of Egypt to begin distributing 43k PoS devices to stores
The National Bank of Egypt (NBE) and e-payments platform Fawry are rolling out 43k point of sale (PoS) devices in…
What we’re tracking on 17 March 2020
The Central Bank of Egypt slashed interest rates 300 bps in a surprise move yesterday evening — the same day…
Talk shows discuss public sector, covid-19 measures and GERD dispute
Expect three IPOs of state-owned companies on the EGX before the summer, Tawfik says: The government is aiming to go…
Fintech startup Khazna secures seed funding led by Algebra Ventures
STARTUP WATCH- Khazna secures seed funding led by Algebra Ventures: Egyptian fintech startup Khazna has raised an undisclosed amount of…
EFG Hermes’ ValU partners with PayFort to offer installment option for e-commerce
EFG Hermes’ installment payment solutions app ValU has partnered with Amazon’s PayFort to offer payment plans to e-commerce stores and…
E-Finance IPO postponed to 4Q2020
E-Finance IPO postponed to 4Q2020: The government has postponed the IPO of e-payments firm E-Finance to the final quarter of…
House Legislation committee to review Anti-Money Laundering Act
LEGISLATION WATCH- House Legislation Committee to review Anti-Money Laundering Act: House of Representatives Speaker Ali Abdel Aal has referred the…
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