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Gov’t issues Public Contracts Act executive regulations
REGULATION WATCH- Gov’t issues executive regulation for Public Contracts Act: The government has issued the executive regulations of the Public…
Gov’t approve amendments on microfinance
LEGISLATION WATCH- Gov’t sets capital requirements for non-bank SME funders: The Madbouly Cabinet approved yesterday draft amendments to the 2014…
Egypt is the second most active FinTech startup hub in MENA, but still receives little funding -report
STARTUP WATCH- Egypt is the second most active FinTech startup hub in MENA, but still receives little funding: Egypt’s share…
EBRD plans to extend USD 400 mn to Egyptian banks to lend to SMEs
The European Bank for Reconstruction and Development (EBRD) could extend USD 400 mn in loans to unnamed local banks to…
Islamic Development Bank launches USD 500 mn fund for Egyptian startups
Islamic Development Bank launches USD 500 mn fund for Egyptian startups: The Islamic Development Bank (IsDB) has set up a…
Egypt’s Swvl allegedly defying orders from Kenyan transport regulator to stop operations due to licensing issues
STARTUP WATCH- Uh, is Swvl operating in Kenya without the right licenses? Mass transit app Swvl has reportedly defied orders…
CBE rolls out new regs for banks lending to microfinance players
The Central Bank of Egypt (CBE) has rolled out four new regulations for banks looking to provide funding for companies…
Halan seeks Series B funding for B2B and B2C expansion
STARTUP WATCH- Halan seeks Series B funding for B2B and B2C expansion: Cairo-based tuk-tuk and motorcycle ride-hailing startup Halan is…
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