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Cairo Angels invests in Kashat
Kashat has landed Cairo Angels’ largest investment to date: VC firm Cairo Angels has made an undisclosed investment in our…
Egyptian traders ❤️ BTC?
Egypt’s large unbanked population, its high volume of remittances, and economic uncertainty caused by covid-19 could be driving accelerated Bitcoin…
Banks can start issuing deposit-backed electronic currencies under new CBE regs
Commercial banks are now allowed to issue e-currencies under newregulations (pdf) announced by the central bank yesterday. One unit of…
CBE raises withdrawal + transfer limits from mobile wallets
SMART POLICY- Mobile wallet users can now borrow, withdraw, and transfer larger sums per day under new regulations (pdf) released…
Also on our Radar on 21 April 2021
Egypt and Sudan are setting up an investment JV that will aptly be called the Egyptian-Sudanese Company, Amwal Al Ghad…
What the markets are doing on 20 April 2021
GLOBAL M&A WATCH- UK competition watchdog to probe multi-bn acquisition of country’s most valuable tech business: The UK’s Competition and…
Mobile wallet users can now borrow + deposit under new regs
Mobile wallet users will soon be able to access loan and saving services in real time under new regulations (pdf)…
BdC mulls digital services arm in Africa and ME
Banque du Caire (BdC) is looking to expand its digital services to serve African and Arab markets in the near…
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