CIPE, WB launch app that gives Egyptian entrepreneurs access to finance
The Center for International Private Enterprise (CIPE), with support from the World Bank (WB), has launched an Arabic-language mobile app called Tamweely. Tamweely aims to “connect financiers to small businesses and entrepreneurs in Egypt seeking start-up funding, as well as to provide business education tools and information about the institutional and legal environment for entrepreneurs and startups.” CIPE and WB “hope the app will improve access to finance for Egyptian entrepreneurs.” Tamweely, available on the App Store and Android Play Store, “is designed to provide a platform to match entrepreneurs seeking finance with banks, non-banking financial institutions, and individual investors seeking partnerships.”
Finally, word on the street is that former Interior Minister Habib El Adly has been in the wind for some 10 days now, having allegedly headed for the hills after a court handed him a seven-year sentence on corruption charges. Al Mogaz has the story.