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Aman wants to borrow EGP 250 mn for micro lending
Raya subsidiary Aman Holding is in talks with a syndicate of the Arab African International Bank (AAIB) and the Arab…
Tamweely is getting closer to a booster
Microfinance player Tamweely could soon secure a EGP 100 mn loan from the European Bank for Reconstruction and Development to…
Fawry net income surges 81% in 2020
Fawry’s net income increased 81% y-o-y in 2020 to reach EGP 186 mn, up from EGP 103 mn the year…
Tamweely to provide loans through Egypt Post branches
Egypt Post has partnered with microfinance player Tamweely to disburse loans for microbusinesses through the former’s 4k branches across the…
2020 was a slower year for microfinance
Microlending still grew in Egypt in 2020 — just at a slower rate than it did in the previous two…
ADIB approves sale of majority stake in Assiut Islamic Trading
Abu Dhabi Islamic Bank (ADIB) looks to be on the way out from Assiut Islamic Trading after its board approved…
Micro-lending app Cassbana raises USD 1 mn+ from Distruptech
Microfinance startup Cassbana has raised USD 1 mn+ in a funding round led by Disruptech, former Fawry CEO Mohamed Okasha’s…
Also on our radar on 9 December 2020
Financial inclusion must be supported by expanding access to digital communication technologies across Africa, CIB Non-Executive Chairman Sherif Samy said…
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