Banque du Caire’s Telda prepaid card gets central bank approval
CBE gives greenlight to BdC’s Telda prepaid card: Banque du Caire has received final approval from the Central Bank of Egypt to launch a prepaid card in collaboration with digital banking app Telda, according to Hapi Journal. The Telda card can be used online and in-store, for money transfers, and for ATM withdrawals inside and outside Egypt. Customers can use the card without being banked.
Those who illegally encroach on the Nile will be referred to military prosecution, as the government continues its crackdown on construction and pollution on the river, Irrigation Minister Mohamed Abdel Aty said in a statement. The government has taken new punitive measures against encroachments on agricultural land this year, suspending food and fertilizer subsidy payments to more than 8k people in Kafr El Sheikh. Draft legal amendments approved by the cabinet in March would introduce new fines and jail terms for offenders if passed by the House.