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SFE officially launches financial services sub-fund
INVESTMENT WATCH- SFE officially launches its first sub-fund dedicated to financial services: Planning minister and chairperson of the Sovereign Fund…
Fintech
Aza appoints Meryem Habibi as its CRO
MOVES- Nairobi-based FX broker and fintech company Aza has appointed Meryem Habibi (Linkedin), formerly of Diebold Nixdorf, as its chief…
EFG’s valU, Al Futtaim to provide no-interest payments to Egypt’s shoppers
EFG Hermes’ fintech arm valU has signed an agreement with Al Futtaim Group to offer six-month no-interest installment plans to…
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…
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…
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