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Aman in talks with four banks to increase credit portfolio to EGP 700 mn
Raya Holding’s microfinance arm Aman is in talks with four banks to increase its credit portfolio to EGP 700 mn…
Microfinance
Egypt’s FRA to bring SME financing under 2014 microfinance law
LEGISLATION WATCH- FRA to bring SME financing under 2014 microfinance law: Dedicated SME lenders including finance companies and NGOs could…
Halan reaches 10 mn rides and deliveries, plans expansion into other MENA markets
STARTUP WATCH- Egyptian tuk-tuk and motorbike ride-hailing app Halan has reached the 10 mn ride and delivery milestone, the company…
Tamweely looks to grow to 38 branches in Egypt by 2019-end
State-owned NI Capital’s microfinance arm Tamweely is targeting growing its number of branches to 38 across 11 governorates by the…
Aman for Microfinance plans to double capital to EGP 100 mn by year-end
Raya Holding’s Aman for Microfinance is planning to double its capital by year-end to EGP 100 mn, Aman’s CEO Ahmed…
Egypt’s FRA makes insurance mandatory for microfinance provider
REGULATION WATCH- FRA makes insurance mandatory in micro- and SME finance: The Financial Regulatory Authority (FRA) is forcing microfinance and…
Halan CEO, Swvl co-founders named in “high impact entrepreneurs” network
Halan CEO, Swvl co-founders named in “high impact entrepreneurs” network: Endeavor Egypt has selected tuk-tuk and motorbike ride-hailing app Halan…
Ebtikar’s Vitas gets microfinancing license
Ebtikar for Financial Investment’s Vitas received a micro-financing license and will focus on projects that need up to EGP 100,000…
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