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Egypt’s CIB sets up VC arm CVentures to invest in fintech startups
CIB launches corporate venture capital arm: Our friends at CIB have launched a captive venture capital arm, CVentures, to invest…
Central Bank of Egypt could raise ceiling for mobile lending
The CBE is studying raising the credit ceiling for mobile nano-lending to EGP 1000-1500, up from EGP 500 currently, banking…
Fintech trends in 2019
2019 could be a year of M&A for fintech: Fintech may be starting to mature enough that a wave of…
What we’re tracking this week and beyond
Elsewedy Electric and Arab Contractors will sign tomorrow final contracts for a USD 3 bn, 2.1 GW hydroelectric dam in…
What we’re tracking this week and beyond
The CBE will auction USD 1 bn worth of one-year T-Bills today, and will settle the auction on Tuesday, according…
SFD to finance ValU-Swvl installment plan cooperation
The Saudi Finance Fund (SFD) will finance an agreement between mass transit app Swvl and EFG Hermes’ valU that will…
Uber’s founding CTO Oscar Salazar invests in Halan and joins its board
Uber’s founding Chief Technology Officer (CTO) Oscar Salazar has joined the board of Egyptian tuk-tuk and motorcycle ride-hailing app Halan,…
valU to extend its services to more online shoppers in Egypt
EFG Hermes Finance’s valU is in talks with six e-commerce companies to extend its payment-on-instalment services to more online shoppers,…
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