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Wednesday, 9 December 2020

Also on our radar on 9 December 2020

Financial inclusion must be supported by expanding access to digital communication technologies across Africa, CIB Non-Executive Chairman Sherif Samy said at the Smart Africa Initiative’s board of directors meeting, Al Mal reports.

Other things we’re keeping an eye on this morning:

  • Egypt’s first microinsurance policy has been approved by the Financial Regulatory Authority, according to Al Mal. The Cooperative Ins Society’s policy is specifically designed to cover risks for microfinance companies.
  • New Alamein is getting a branch of Switzerland’s Ecole hôtelière de Lausanne, one of the top hospitality schools in the world.
  • The Egyptian Saudi Ins House has raised its stake in EGX-listed clothing manufacturer Dice to 10% from 7.1% in a EGP 27.4 mn transaction, according to a regulatory filing (pdf).

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