• Sunday, 11 April 2021

    Also on our Radar on 11 April 2021

    Economy-class passengers planning international flights on EgyptAir can now keep adjacent seats vacant by booking them at a discounted rate as low as EGP 400 when boarding from Cairo International Airport, the national flag carrier said on Friday. The new...
  • Thursday, 8 April 2021

    More financial inclusion for pensioners + PayTabs, valU services coming to LuLu

    Pensioners will soon have access to “new electronic channels” to receive and use their monthly payments under an MoU the Central Bank of Egypt (CBE) signed with the National Telecom Regulatory Authority (NTRA), according to a joint statement (pdf) yesterday....
  • Thursday, 1 April 2021

    Cabinet approves new raises for civil servants

    Public sector employees not covered by the Civil Service Act are officially in line for raises of 13% of their basic salaries at the start of the next fiscal year (which starts on 1 July), under incentives approved by cabinet...
  • Wednesday, 24 March 2021

    Life is about to get easier for small businesses that want to go legit

    SMART POLICY- Life is about to get easier for small businesses that want to go legit: The Central Bank of Egypt is pushing through procedures that will make it easier for micro-businesses and self-employed folks to open business accounts at...
  • Wednesday, 24 March 2021

    Easy KYC for micro businesses, freelancers gets a shot in the arm

    SMART POLICY- Unbanked micro-businesses, freelancers, and craftsmen will be able to open accounts at the National Bank of Egypt come April with zero admin charges and minimal paperwork, Hala Wagih Helmy, the bank’s head of products and financial inclusion, told...
  • Thursday, 18 March 2021

    We still ♥ banknotes

    Egypt is the world’s second most banknote-reliant country — and has the third highest percentage of unbanked citizens. Only 45% of payments in Egypt are cashless transactions and the credit card penetration rate currently stands at a measly 3%, Merchant...
  • Sunday, 14 March 2021

    Tamweely to provide loans through Egypt Post branches

    Egypt Post has partnered with microfinance player Tamweely to disburse loans for microbusinesses through the former’s 4k branches across the country, Egypt Post said in a statement. Tamweely customers can apply for loans through post offices without any required documents,...
  • Wednesday, 10 March 2021

    NBE pushing into non-bank financial services

    Al Ahly Capital has wrapped up its acquisition of a 75% stake in e-payments player Momken, National Bank of Egypt Chairman Hisham Okasha said at a press release (pdf). (NBE is parent company of Al Ahly.) The acquisition brings Momken...
  • Tuesday, 9 March 2021

    What we’re tracking on 9 March 2021

    Good morning, wonderful people, and welcome to hump day. Get through Tuesday and we’ll slide into the weekend together over the next couple of days. *** CATCH UP QUICK from yesterday’s edition of EnterprisePM — it was a big news...

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