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 Fawry for Banking Technology and Electronic Payments has acquired a minority stake in Brimore as part of the social commerce platform's upcoming Series A funding round. 
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Egypt’s state-run digital payments infrastructure and fintech platform, e-finance  announced its intention to float up to 14.5% of its shares on the Egyptian Exchange (EGX) in the fourth quarter (Q4)…
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Commercial International Bank (CIB), Egypt’s leading private sector bank, was appointed to represent Africa as part of the UN-convened Net-Zero Banking Alliance Steering Group.
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Global Finance Magazine listed Egypt’s two biggest state lenders, the National Bank of Egypt (NBE) and Banque Misr among the world’s 50 safest banks.
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Egypt’s engineering industry exports increased by 44% to $1.957bn in the first eight months (8M) of 2021, compared to $1.357m during the same period last year, according to the Engineering Export…
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The Central Bank of Egypt (CBE) revealed that the total financial position of banks operating in the local market, other than CBE, increased to about EGP 7.948trn in June 2021, compared to EGP…
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Egypt’s Minister of International Cooperation Rania Al-Mashat has discussed with officials from the African Development Bank (AfDB) boosting bilateral cooperation across various sectors, including…
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The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has maintained the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent,…
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African Export-Import Bank (Afreximbank) has committed to provide US$500 Million to support Ethiopian commercial banks.
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Egyptian ridesharing company Swvl has announced its cooperation with several banks operating in the Egyptian market to finance the provision of 14-passenger vehicles to independent drivers working in…
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