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Egypt in the News on 9 March 2020
Egypt’s accelerating covid-19 outbreak is leading the conversation in the foreign press this morning: We have coverage in this morning’s…
microfinance
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Raya may approve a bid for 31% stake in its transport arm
M&A WATCH- Raya may approve bid for 31% stake in its transport arm: Raya Holding is likely to approve the…
EBRD, NBE want a piece of Raya’s Aman Holding
M&A WATCH- EBRD, NBE want a piece of Raya’s Aman Holding: The European Bank of Reconstruction and Development and the…
Raya receives 24 offers for Aman Holding minority stake
M&A WATCH- The number of investors wanting in on Raya’s Aman Holding minority stake doubles in a week: Twenty-four domestic…
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…
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