Tag: Egypt
Healthtech startup Vezeeta secures funds to fuel growth, bringing total funding close to $90...
Egyptian health-tech startup Vezeeta said Wednesday that it has raised new funding to fuel its growth plans and fund imminent merger and acquisition deals...
Mastercard invests in Nclude to boost Egypt’s fintech ecosystem
Mastercard said Tuesday that it has invested in Nclude, an Egyptian financial technology-focused investment fund, to accelerate the growth of the country’s fintech ecosystem...
Egypt’s headline inflation quickens to 1.6% in September
Egypt’s annual urban consumer inflation accelerated to 1.6% year-on-year in September, the fastest in almost four years signaling that consumers in the North African...
Fintech ascending: Why Egypt’s banks should embrace change
There is great appetite for innovation and modernization in the Egyptian financial world right now and everybody is trying to get on board. Almost...
Central Bank of Egypt reportedly eases foreign currency rules for imports
The Central Bank of Egypt (CBE) reportedly eased restrictions on the use of foreign currency on Tuesday as part of the government’s broader strategy...
Suez Canal to increase transit tolls for ships by 15% in 2023
Egypt’s Suez Canal Authority (SCA) will increase transit tolls for ships passing through one of the world’s most vital trade routes by 15% from...
China’s Oppo to invest $20 million in mobile phone factory in Egypt
Chinese smartphone maker Oppo said Tuesday that it has signed an MoU with Egypt’s Information Technology Industry Development Agency (ITIDA) to build a mobile...
Banque Misr gets $100 million loan from EBRD to boost green investments in SMEs
The European Bank for Reconstruction and Development (EBRD) has granted a $100 million loan to Banque Misr to lend to small and medium-sized enterprises...
Credit Agricole increases stake in Egyptian subsidiary
Crédit Agricole Group acquired 60 million additional shares in its Egyptian unit Crédit Agricole Egypt, taking shareholding to 52.185% stake from 47.385%.
“This bears witness...
Egypt’s net foreign reserves drop slightly amid IMF talks
Egypt’s net foreign reserves dropped slightly in August, the central bank said Thursday, as the North African country strives to secure International Monetary Fund...