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).