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Mobile operators are bidding to become Africa’s bankers
Africa’s mobile network operators are using the pandemic as a chance to (literally) bank on the continent’s huge growth potential.…
Against expectations, Central Bank of Egypt cuts interest rates by 50 bps
Central Bank of Egypt surprises with first rate cut since March: The Central Bank of Egypt (CBE) cut interest rates…
Remittances rise 11% in July
Remittances from Egyptians working abroad rose 11% to USD 2.9 bn in July, up from USD 2.6 bn reported in…
Enterprise poll: Central Bank of Egypt to leave rates on hold in September 2020
ENTERPRISE POLL- CBE expected to leave rates on hold when it meets this Thursday: The Central Bank of Egypt (CBE)…
RenCap sees muted consumer demand keeping inflation below CBE target this year
RenCap sees muted consumer demand keeping inflation below CBE target this year: Inflation in Egypt should close out 2020 just…
What we’re tracking on 16 September 2020
It’s another busy news day as we hurtle toward the end of the week, so let’s get this show started.…
What we’re tracking on 14 September 2020
Good morning, wonderful people — it’s a particularly busy news day, so we’re going to jump straight in. We’re looking…
CBE asks banks to monitor Syrian accounts
The Central Bank of Egypt (CBE) has asked banks to monitor activity on accounts held by Syrian customers, Al Shorouk…
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