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Has Halan raised USD 15 mn in its series B funding round?
STARTUP WATCH- Ride-hailing app Halan has raised USD 15 mn in its series B funding round, according to estimations made…
Microfinance
Emirati company looking to establish microfinance unit in Egypt
A major Emirati company is considering launching a microfinancing arm in Egypt, Al Malreports, citing three sources familiar with the…
House SMEs Committee approves Microfinance Act
LEGISLATION WATCH- House SMEs Committee approves Microfinance Act: The House SMEs committee approved the six amendments to the 2014 microfinance…
Vitas Microfinance to extend EGP 300 mn loans to SMEs in 2020
Vitas Misr for Microfinance, a subsidiary of B Investments’ Ebtikar, is planning to extend EGP 300 mn in loans to…
Egypt’s NBFS watchdog to issue nano lending licenses soon
The Financial Regulatory Authority (FRA) has received two applications from unnamed microfinance companies looking to obtain a license to to…
Tamweely seeks EGP 300 mn in loans from two Egyptian banks
Tamweely Microfinance is negotiating with two unnamed banks to borrow EGP 300 mn to increase its women-focused funding portfolio and…
Raya to issue securitized bonds worth EGP 500 mn
The Financial Regulatory Authority has signed off on Raya Holding’s plans for its second EGP 497.5 mn securitized bond issuance…
EBRD, FRA provide USD 15 mn loan to fund green tech for Egyptian SMEs
EBRD, FDA provide USD 15 mn loan to fund green tech for Egyptian SMEs: The European Bank for Reconstruction and…
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