Tag: Egypt
Visa launches Africa fintech accelerator programme
The launch of the Africa Fintech Accelerator programme follows Visa’s recent pledge to invest $1 billion in Africa’s digital transformation
Cairo to host 3rd Intra-African Trade Fair in November
The decision to change the venue and dates of the continental event followed the announcement from Côte d’Ivoire that it was no longer in a position to host the trade fair
EFG Hermes’s Q1 2023 profit jumps 157% to $28.6 million
The bank said its net profit after tax and minority reached $28.6 million (EGP 885 million) in Q1 2023
Egypt offloads 9.5% stake in Telecom Egypt for $121 million
Egypt is offering a further 0.5% for company employees to buy until May 25
Egypt’s SODIC posts EGP 187 million in Q1 profit
The Egyptian developer’s revenues jumped 26% to EGP 1.50 billion in the quarter from EGP 1.20 billion in Q1 2022
Fitch Ratings downgrades Egypt’s sovereign credit rating
Egypt’s external financing risk has increased given the country’s high external financing requirements
EFG Hermes’ aiBank posts EGP 525.6 million FY net profit
aiBank’s outstanding business results follows its acquisition by EFG Hermes and the Sovereign Fund of Egypt
Mastercard, Egypt’s egabi partner to advance digital lending solutions
Mastercard has partnered with the fintech solutions provider egabi to advance financial institutions and non-traditional partners’ access to new embedded finance and digital lending...
Taly launches digital payment services in Egypt with BPC
Taly’s launch of comprehensive digital payments in Egypt is expected to expand digital transformation services
ACWA Power’s Egypt solar project secures $123 million financing package
The project already has equity bridge loans of $14 million from the EBRD and $45 million from APICORP