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Microfinance Act amendments that bring SMEs under legislation signed into law
LEGISLATION WATCH- SME lenders are now subject to the Microfinance Act now that President Abdel Fattah El Sisi ratified amendments…
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Sherif Elbehery appointed chairman and managing director of Banque Misr’s digital banking arm
MOVES- Sherif Elbehery (Linkedin) has been tapped as managing director of Misr Digital Innovation Company, Banque Misr’s digital banking arm,…
Tamweely launches microfinance chatbot
Egyptian microfinance firm Tamweely has launched Egypt’s first microfinance chatbot, which is available 24/7 to respond to customer inquiries online,…
BdC SME lending up 23% in 1H2020
Banque du Caire increased its lending to SMEs by 23% to EGP 11 bn during 1H2020, Chairman Tarek Fayed said…
Odin to set up 2 investment funds worth EGP 1 bn by next month
M&A WATCH- Odin Capital to set up EGX equity, VC funds worth a combined EGP 1 bn by September: Odin…
Moves: Tanmeyah
MOVES- EFG Hermes-owned microfinance player Tanmeyah has hired Ahmed Abed (Linkedin) as head of the information sector as well as…
What we’re tracking on 16 August 2020
It’s shaping up to be a short (but busy) week as the Islamic New Year holiday looks set to fall…
Egypt’s Tamweely to securitize 20% of its micro-loans portfolio bonds this year
DEBT WATCH- State-owned NI Capital’s microfinance arm Tamweely Microfinance is planning to securitize up to 20% of its loans portfolio…
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