{"id":550652,"date":"2022-04-13T13:12:40","date_gmt":"2022-04-13T13:12:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/this-evening-cbe-gives-opay-greenlight-to-issue-pre-paid-cards-rology-raises-series-a-round-e-commerce-startup-kemitt-has-launched-kemitt-business\/"},"modified":"2022-04-13T13:12:40","modified_gmt":"2022-04-13T13:12:40","slug":"this-evening-cbe-gives-opay-greenlight-to-issue-pre-paid-cards-rology-raises-series-a-round-e-commerce-startup-kemitt-has-launched-kemitt-business","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/this-evening-cbe-gives-opay-greenlight-to-issue-pre-paid-cards-rology-raises-series-a-round-e-commerce-startup-kemitt-has-launched-kemitt-business\/","title":{"rendered":"THIS EVENING: CBE gives OPay greenlight to issue pre-paid cards + Rology raises series A round + E-commerce startup Kemitt has launched Kemitt Business"},"content":{"rendered":"<p><strong>It\u2019s one of those days that aren\u2019t quite slow, but haven\u2019t quite taken shape<\/strong> with a clear leading story or theme to the news day. Instead, there\u2019s a smattering of interesting tidbits on the homefront to keep your eye on as you wind down your afternoon.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>THE BIG STORIES TODAY<\/strong><\/p>\n<p><strong>#1- CBE gives OPay greenlight to issue pre-paid cards:<\/strong> Nigeria-based fintech player OPay has received preliminary approval from the Central Bank of Egypt (CBE) to issue pre-paid cards in partnership with Masria Digital Payments.<\/p>\n<p><strong>#2- Elsewhere, we\u2019ve got some activity over in planet startup:<\/strong> Teleradiology platform <strong><a href=\"https:\/\/rology.health\/\">Rology<\/a><\/strong><strong> has raised an undisclosed sum series A round<\/strong>, with <a href=\"https:\/\/egyptventures.com\/\">Egypt Ventures<\/a> providing the bulk of the financing, a <a href=\"https:\/\/ent.news\/2022\/4\/Rology-Closes-Pre-Series-A-Funding-Round.pdf\">press release (pdf)<\/a>read. The round saw participation from <a href=\"https:\/\/www.facebook.com\/sequenceventures\/\">Sequence Ventures<\/a>, Saudi Arabia\u2019s <a href=\"https:\/\/waseel.com\/\">Waseel<\/a> and <a href=\"http:\/\/www.tawaref.com\/\">Tawaref<\/a>, and Kenya\u2019s <a href=\"https:\/\/vc4a.com\/viktoria-ventures\/\">Viktoria Ventures<\/a>. Previous investors include HIM Angels, AAIC, DAI and Cubit Ventures.<\/p>\n<p><strong>Meanwhile,<\/strong> <strong>Egypt-based e-commerce startup <\/strong><strong><a href=\"https:\/\/www.kemitt.com\/ar-eg\/\">Kemitt<\/a><\/strong><strong> has launched <\/strong><strong><a href=\"https:\/\/kemitt.business\/\">Kemitt Business<\/a><\/strong>, \u201cthe first of its kind\u201d B2B platform, for furniture, home accessories and raw materials for furniture manufacturing among others, a <a href=\"https:\/\/ent.news\/2022\/4\/Kemitt-launches-new-B2B-platform.pdf\">press release (pdf)<\/a> read. The platform will act as an online marketplace connecting businesses with furniture and materials suppliers.<\/p>\n<p><strong>^^We\u2019ll have more on these stories<\/strong> and others in tomorrow\u2019s edition of <strong>EnterpriseAM<\/strong>.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>It\u2019s another afternoon where news of fresh sanctions against Russia are topping<\/strong><strong> headlines in the global press.<\/strong> The UK <a href=\"https:\/\/www.gov.uk\/government\/news\/uk-sanctions-178-russian-separatists-in-breakaway-regions\">announced today<\/a> it is sanctioning 206 people today, including 178 Russian separatists, \u201csix oligarchs, close associates and employees, and an additional 22 individuals.\u201d The new sanctions bring the total number of individuals and businesses under UK sanctions to 1,400, according to the statement.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>ADQ <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b4a11664-2159-45ba-ba2f-bf0d3dfd3978\">announced the launch<\/a><\/strong><strong> of the first MENA-based SPAC in cooperation with our friends at Chimera.<\/strong> The fund and Chimera\u2019s PE arm yesterday announced the establishment of their SPAC, dubbed ADC Acquisition Corporation, which hopes to raise AED 367 mn (EGP 1.85 bn) through an IPO on the Abu Dhabi exchange.<\/li>\n<li><strong>GASC wants to see wheat buys outside of tender system as reserves dip:<\/strong> The government <a href=\"https:\/\/enterprise.press\/stories\/2022\/04\/13\/gasc-wants-to-see-wheat-buys-outside-of-tender-system-as-reserves-dip-69148\/\">could soon allow<\/a> buying wheat outside of tenders, Sherif Bassili, the chairman of the Egyptian Holding Company for Silos and Storage, told Enterprise.<\/li>\n<li><strong>Paymob launches in Pakistan:<\/strong> High-profile Egyptian fintech startup Paymob has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5d7889ee-0fa9-4a00-9928-34237a458896\">officially launched<\/a> in Pakistan. The digital payments provider said it will launch a number of payment services in the country, including payment gateways, POS, SoftPOS, and contactless payments.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Consoleya is hosting an investors\u2019 talk and sohour with Cairo Angels next Sunday, 17<\/strong><strong> April<\/strong> at 9pm. The event will begin with a Fireside Chat on e-commerce, featuring former Jumia CCO Fran\u00e7ois D\u2019hautefort, with Cairo Angels Founder Hossam Allam as moderator, with a sohour and networking session for investors following the talk. You can <a href=\"https:\/\/bit.ly\/3ro6iNw\">register for the event here<\/a>.<\/p>\n<p><strong>Companies have one week left to file their first quarterly ESG compliance report: <\/strong>Listed firms and non-bank financial services companies need to submit their first quarterly ESG report by 20 April, the Financial Regulatory Authority (FRA) <a href=\"https:\/\/fra.gov.eg\/custompdfs\/2481616-2\/\">announced last week<\/a>. The regulator is making it mandatory for corporates to publicly disclose their performance on key environmental, social and governance metrics each year when they submit their annual financial statements, starting 2023.<\/p>\n<p><strong>Reach out to <\/strong><strong><a href=\"mailto:mtaalab@inktankir.com\">Moustafa Taalab at InkankIR<\/a><\/strong>, our parent company, if you need some help.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a daytime high of 28\u00b0C and a nighttime low of 13\u00b0C, our favorite weather app tells us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s one of those days that aren\u2019t quite slow, but haven\u2019t quite taken shape with a clear leading story or theme to the news day. Instead, there\u2019s a smattering of interesting tidbits on the homefront to keep your eye on as you wind down your afternoon. THE BIG STORIES TODAY #1- CBE gives OPay greenlight [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[400,2740,633,183,1078,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550652","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-cairo-angels","tag-consoleya","tag-enterprisepm","tag-fintech","tag-opay","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"d7a8f92b-8e0e-4aa9-be2b-81ca0f0675d4","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[550650],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: CBE gives OPay greenlight to issue pre-paid cards + Rology raises series A round + E-commerce startup Kemitt has launched Kemitt Business - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/this-evening-cbe-gives-opay-greenlight-to-issue-pre-paid-cards-rology-raises-series-a-round-e-commerce-startup-kemitt-has-launched-kemitt-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: CBE gives OPay greenlight to issue pre-paid cards + Rology raises series A round + E-commerce startup Kemitt has launched Kemitt Business\" \/>\n<meta property=\"og:description\" content=\"It\u2019s one of those days that aren\u2019t quite slow, but haven\u2019t quite taken shape with a clear leading story or theme to the news day. 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OPay expects to issue some 200k cards in\u2026","rel":"","context":"In &quot;Fintech&quot;","block_context":{"text":"Fintech","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/252.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545786,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/12\/nigeria-based-fintech-opay-moves-forward-with-pre-paid-cards-and-more-in-egypt\/","url_meta":{"origin":550652,"position":1},"title":"Nigeria-based fintech OPay moves forward with pre-paid cards and more in Egypt","author":"enterpriseam admin","date":"12 April 2022","format":false,"excerpt":"OPay is expanding in Egypt: Nigeria-based fintech player OPay is preparing to expand its footprint in Egypt, launching pre-paid cards and linking up with the central bank\u2019s new digital payment app less than a year after it first entered the country. 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