{"id":674112,"date":"2025-10-23T00:00:00","date_gmt":"2025-10-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/23\/fra-extends-suspension-on-issuing-new-licenses-for-microfinance-consumer-finance-players\/"},"modified":"2025-10-23T00:00:00","modified_gmt":"2025-10-23T00:00:00","slug":"fra-extends-suspension-on-issuing-new-licenses-for-microfinance-consumer-finance-players","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/23\/fra-extends-suspension-on-issuing-new-licenses-for-microfinance-consumer-finance-players\/","title":{"rendered":"FRA extends suspension on issuing new licenses for microfinance, consumer finance players"},"content":{"rendered":"

REGULATION- <\/p>\n

The Financial Regulatory Authority (FRA) has extended its suspension on issuing <\/strong>new licenses for companies seeking to operate in consumer finance or microfinance for another year<\/strong>, according to a statement<\/a>. The suspension now includes microfinance license applications from associations and civil society organizations. Fintech-based services are exempt from the decision. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

REMEMBER- <\/strong>Last October the FRA suspended issuing new licenses<\/a> for the aforementioned NBFS, citing a notable increase in licenses granted over the past two years raising concerns about the financial solvency of existing service providers.<\/p>\n

LOGISTICS- <\/p>\n

Beit Logistics earmarks EGP 500 mn for Safaga Logistics Center:<\/strong> Egyptian shipping and logistics player Beit Logistics<\/a> inked a land-use agreement with the Golden Triangle Economic Zone Authority to set up an integrated logistics center at Safaga Port \u2014 funneling in investments exceeding EGP 500 mn in the first phase of the project, according to a statement (pdf)<\/a>. The facility will be developed on a 65k sqm area and will create some 350 direct and indirect jobs.<\/p>\n

On the cards:<\/strong> The hub will feature some 16k sqm of warehouse space, with a storage capacity of 1 mn tons annually. It will also host a 50k sqm container and general cargo yard, which will handle around 100k TEUs per year.<\/p>\n

Leading the way:<\/strong> \u201cIn the coming years, we expect accelerated investment in transport, renewable energy, and logistics infrastructure [into the Golden Triangle], all supported by public\u2013private partnerships,\u201d Kadmar Group CEO and Beit Logistics Vice Chairman Medhat El Kady told EnterpriseAM. \u201cSafaga, in particular, is set to become a gateway for exports from Upper Egypt and neighboring countries \u2014 linking mines, factories, and industrial cities directly to the global market,\u201d he added.<\/p>\n

MANUFACTURING- <\/p>\n

Snackmake<\/strong>r Edita has inked a EGP 320 mn asset purchase agreement with <\/strong>an <\/strong>undisclosed regional company to acquire production equipment<\/strong>, including two cake production lines, two bakery lines, as well as related machinery, according to a disclosure (pdf)<\/a> from the company. The move is expected to raise Edita\u2019s production capacity by around 15% across its main product categories: cakes and croissants. <\/p>\n

The adde<\/strong>d production capacity will help Edita meet growing consumer demand in its <\/strong>core segments<\/strong>, a representative from the EGX-listed company told us. The new lines will be housed in existing Edita factories and were acquired below replacement cost, they added.<\/p>\n

M&A WATCH- <\/p>\n

BasharSoft<\/a><\/strong>, the parent company of online job platforms Wuzzuf and Forasna, <\/strong>fully acquired <\/strong>iCareer<\/a><\/strong>, Egypt\u2019s largest provider of employment programs and career solutions, according to a statement (pdf)<\/a> from the buyer. The acquisition includes iCareer\u2019s applicant tracking software Recruitera<\/a>, which will be integrated into BasharSoft\u2019s platforms to streamline hiring and enhance data-driven recruitment. The value of the acquisition was not disclosed.<\/p>\n

What\u2019s next? <\/strong>The acquisition supports BasharSoft's plans to expand across the GCC, following its Saudi Arabia launch earlier this year. The company is also planning to pursue additional acquisitions in the jobtech and HR space, grow its workforce by 50% over the next two years, and increase revenues to USD 25 mn. It is also preparing for a potential IPO within two to three years.<\/p>\n

REAL ESTATE- <\/p>\n

One of O<\/strong>ne launches two real estate projects: <\/strong>Newly-established real estate developer One of One has launched two new projects in East and West Cairo, as part of a broader EGP 150 bn investment plan<\/a>, with total targeted sales of EGP 13 bn, CEO Mostafa Salah said during a press conference attended by EnterpriseAM. The first project, dubbed Bridges, is a 10-feddan mixed-use development in Sheikh Zayed, while its second project, Grounds, will be a 50-feddan project in the Sixth Settlement hosting residential units, office spaces, and commercial areas. Construction work on both projects is scheduled to begin in 2026. <\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS- Beit Logistics earmarks EGP 500 mn for Safaga Logistics Center<\/p>\n","protected":false},"author":1,"featured_media":674113,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[97,1184,111,1648,514,191,72,564,235,131,311,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-674112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-agriculture","tag-agritech","tag-also-on-our-radar","tag-basharsoft","tag-consumer-finance","tag-edita","tag-enterpriseam","tag-food","tag-labor","tag-manufacturing","tag-microfinance","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"61b8816e-03d3-4e59-ab1f-23dcd09db980","order":"14","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1569.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt extends suspension on issuing new licenses for microfinance, consumer finance players","related_issue":[674089],"teaser":"PLUS- Beit Logistics earmarks EGP 500 mn for Safaga Logistics Center","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.5183de7d-effc-487a-9301-378cf85e4b2a.mp3"},"yoast_head":"\nFRA extends suspension on issuing new licenses for microfinance, consumer finance players - 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The move comes as part of the regulator\u2019s drive to increase financial inclusion by\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591397,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/04\/egypts-nbfs-watchdog-to-issue-nano-lending-licenses-soon\/","url_meta":{"origin":674112,"position":2},"title":"Egypt\u2019s NBFS watchdog to issue nano lending licenses soon","author":"enterpriseam admin","date":"4 December 2019","format":false,"excerpt":"The Financial Regulatory Authority (FRA) has received two applications from unnamed microfinance companies looking to obtain a license to to begin offering nano lending services, microfinance development expert at the FRA Ahmed Abdel Gawad said. The authority is expected to issue the licenses by next month, Abdel Gawad added. Nano\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":[]},{"id":600900,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypts-fra-makes-insurance-mandatory-for-microfinance-provider\/","url_meta":{"origin":674112,"position":3},"title":"Egypt\u2019s FRA makes insurance mandatory for microfinance provider","author":"enterpriseam admin","date":"13 February 2019","format":false,"excerpt":"REGULATION WATCH- FRA makes insurance mandatory in micro- and SME finance: The Financial Regulatory Authority (FRA) is forcing microfinance and SME finance players to provide insurance coverage for their borrowers, the authority said in a statement (pdf). The contracts will pay out an amount equivalent to the loans in the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564300,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/23\/ekh-to-establish-microfinance-firm-bedayti-by-4q2021-eyes-consumer-finance\/","url_meta":{"origin":674112,"position":4},"title":"EKH to establish microfinance firm Bedayti by 4Q2021, eyes consumer finance","author":"enterpriseam admin","date":"23 August 2021","format":false,"excerpt":"Egypt Kuwait Holding (EKH) plans to expand its footprint in financial services by establishing a microfinance firm called Bedayti during 4Q2021, source from EKH told Enterprise. The holding company has received initial approval to set up the lender from the Financial Regulatory Authority and expects to receive the final go-ahead\u2026","rel":"","context":"In "SPEED ROUND: MICROFINANCE"","block_context":{"text":"SPEED ROUND: MICROFINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-microfinance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/501.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600259,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/23\/parliament-government-want-to-regulate-crowdfunding-and-real-estate-developers\/","url_meta":{"origin":674112,"position":5},"title":"Parliament, government want to regulate crowdfunding and real estate developers","author":"enterpriseam admin","date":"23 January 2019","format":false,"excerpt":"LEGISLATION WATCH- Regulating all the things: Crowdfunding is now on the FRA\u2019s priority list: Financial Regulatory Authority (FRA) boss Mohamed Omran outlined his agency\u2019s list of legislative priorities in a briefing with reporters yesterday. The FRA chairman says the market regulator is looking to regulate crowdfunding as well as real\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"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\/674112","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=674112"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/674112\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/674089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/674113"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=674112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=674112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=674112"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=674112"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=674112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}