• Sunday, 3 October 2021

    THIS MORNING: We should be inking contracts to link grids with Saudi this week + Nafeza is here

    Good morning, friends, and welcome to an abbreviated workweek. We have plenty of news for you this fine fall morning, so let’s jump straight in:The House was back in session yesterday after its summer recess. A raft of business relevant...
  • Monday, 27 September 2021

    Central bank to issue mobile contactless payment licenses

    Merchants will soon be able to accept contactless payments through their mobile devices as the Central Bank of Egypt said yesterday in a statement (pdf) that it will begin issuing licenses allowing mobile contactless payments. The CBE clearly has in...
  • Wednesday, 18 August 2021

    Banque Misr to issue Meeza cards for Tanmeyah

    A few things we’re keeping an eye on this morning: Banque Misr will issue prepaid Meeza cards for Tanmeyah Micro Enterprise Services, under an agreement signed yesterday. Some 250 ATMs will also be installed inside Tanmeyah branches across the country....
  • Sunday, 1 August 2021

    THIS MORNING: What’s going to make news in Egypt in August + bracing for Delta and a fourth wave of covid-19

    Good morning, wonderful people, and welcome to a new month — and to interest rate week. All 12 analysts we surveyed in our Enterprise Poll expect the central bank to leave rates on hold when its monetary policy committee meets...
  • Thursday, 17 June 2021

    EFG Hermes subsidiaries take home fintech awards

    EFG Hermes consumer finance subsidiary valU took home a nod from Entrepreneur Middle East’s 2021 fintech awards, the company said in a press release (pdf). The consumer finance platform was recognized for its strong performance, having more than tripled in...
  • Wednesday, 5 May 2021

    Paymob wants to set up shop in Saudi

    Payment gateway Paymob is looking to roll out digital payment services in Saudi Arabia in the coming five years as part of its wider expansion plans that would see the Egyptian startup operating in two new countries through representative offices...
  • Tuesday, 4 May 2021

    African sovereign wealth funds are prioritizing the local over the global

    The pandemic was “a boon” for African sovereign wealth funds that invest at home, providing a boost to sectors in which they were already invested — including health, digital tech and agribusiness, the International Forum of Sovereign Wealth Funds (IFSWF)...
  • Monday, 26 April 2021

    Cairo Angels invests in Kashat

    Kashat has landed Cairo Angels’ largest investment to date: VC firm Cairo Angels has made an undisclosed investment in our friends at Kashat, according to a press release (pdf). The statement did not disclose the exact value of the investment,...
  • Sunday, 18 April 2021

    BdC mulls digital services arm in Africa and ME

    Banque du Caire (BdC) is looking to expand its digital services to serve African and Arab markets in the near future through an e-payments arm that will be geared towards the local market as a first phase, Chairman and CEO...

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