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Four state-owned banks to launch EGP 1 bn fund in 4Q2021
The EGP 1 bn fund of funds which is expected to be launched by Egypt’s biggest state banks will launch…
CIB launches new services for small businesses
CIB launches new services for small businesses: CIB rolled out yesterday a new business banking segment, dubbed CIB Growth, which…
Tasaheel receives first SME microfinancing license
Tasaheel received the first SMEs microfinancing license approved by the Financial Regulatory Authority (FRA), according to an FRA statement (pdf).…
SME fintech startup Hollydesk looking to close six-figure USD round
Fintech startup HollyDesk is looking to close a six-figure USD funding round by the end of the month, CEO Mahmoud…
EBRD launches USD 120 mn Youth in Business program, provides NBE with USD 20 mn credit facility for SME lending
The European Bank for Reconstruction and Development (EBRD) is launching a USD 120 mn Youth in Business program that will…
Saudi grant for SME on-lending + new AI platform established to promote Egyptian AI scene
Two other things we’re keeping an eye on this morning: The Saudi government has provided three banks withan EGP 270…
73% of Egypt’s SMEs are confident in growth over the coming year- Mastercard
73% of small and medium businesses in Egypt are confident that their business will do well over the coming year,…
BdC net income up 20% in 1Q2021
Banque du Caire’s (BdC) net income rose 20% y-o-y in 1Q2021 to EGP 1 bn, up from EGP 838 mn…
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