{"id":590380,"date":"2023-07-18T00:00:00","date_gmt":"2023-07-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/18\/e-finance-mulls-digital-bank-license-plus-canada-to-provide-cad-10-mn-loan-to-bolster-egypts-food-security\/"},"modified":"2023-07-18T00:00:00","modified_gmt":"2023-07-18T00:00:00","slug":"e-finance-mulls-digital-bank-license-plus-canada-to-provide-cad-10-mn-loan-to-bolster-egypts-food-security","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/18\/e-finance-mulls-digital-bank-license-plus-canada-to-provide-cad-10-mn-loan-to-bolster-egypts-food-security\/","title":{"rendered":"e-Finance mulls digital bank license. PLUS: Canada to provide CAD 10 mn loan to bolster Egypt\u2019s food security"},"content":{"rendered":"

BANKING-<\/strong><\/p>\n

e-Finance wants its digital banking license:<\/strong> State-owned fintech firm e-Finance is considering applying for a digital banking license, Chairman Ibrahim Sarhan reportedly told Al Shorouk<\/a>. <\/p>\n

Remember:<\/strong>The Central Bank of Egypt (CBE) issued last week updated digital banking<\/a> licensing rules<\/a>, under which digital banks looking to finance large companies will need at least EGP 4 bn in capital. <\/p>\n

AGRICULTURE- <\/strong><\/p>\n

Canada is providing funding to bolster our food security: <\/strong>The Canadian government has granted Egypt a CAD 10 mn grant to enhance food security and combat climate change, the International Cooperation Ministry said<\/a> yesterday. The funding will go to a local program aimed at \u201cboosting climate-smart agriculture and agricultural biodiversity to bolster the adaptability in the rural areas that are most affected by climate change in the Delta and Upper Egypt,\u201d according to the statement. The program will be implemented alongside the UN Food and Agriculture Organization, the environment, agriculture and local development ministries, and the National Council for Women. <\/p>\n","protected":false},"excerpt":{"rendered":"

The central bank last week issued updated licensing rules for digital banks<\/p>\n","protected":false},"author":1,"featured_media":590381,"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":[7209],"tags":[97,111,204,101,339,8803,72,565,443],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-agriculture","tag-also-on-our-radar","tag-banking","tag-development-finance","tag-e-finance","tag-egypt-canada-relations","tag-enterpriseam","tag-food-security","tag-international-cooperation-ministry","wpautop","entry"],"acf":{"mongo_id":"a75f69fb-ff06-4a7e-91c5-007a61bfedd6","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/700.jpg","photo_position":"above","homepage_title":"","full_issue_title":"e-Finance mulls digital bank license. PLUS: Canada to provide CAD 10 mn loan to bolster Egypt\u2019s food security","related_issue":[590357],"teaser":"The central bank last week issued updated licensing rules for digital banks","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.9a4541e5-6b28-4b33-abae-a4f11f7b7a2f.mp3"},"yoast_head":"\ne-Finance mulls digital bank license. PLUS: Canada to provide CAD 10 mn loan to bolster Egypt\u2019s food security - 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\/2023\/07\/18\/e-finance-mulls-digital-bank-license-plus-canada-to-provide-cad-10-mn-loan-to-bolster-egypts-food-security\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"e-Finance mulls digital bank license. 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The regulations lay out the rules and responsibilities for issuing banks, payment service providers and acquiring banks,\u2026","rel":"","context":"In "REGULATION WATCH"","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/364.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593301,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/cairo-3a-looking-for-egp-1-bn-loan-from-egyptian-banks\/","url_meta":{"origin":590380,"position":5},"title":"Cairo 3A looking for EGP 1 bn loan from Egyptian banks","author":"enterpriseam admin","date":"24 November 2019","format":false,"excerpt":"Cairo 3A Poultry is in talks with local banks for a EGP 1 bn loan to finance its expansion plans once it finalizes the EGP 500 mn acquisition of Pyramid Poultry, sources close to the matter tell Al Mal. The banks include CIB, the Arab African International Bank, and an\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=590380"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590380\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/590357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/590381"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=590380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=590380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=590380"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=590380"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=590380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}