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Financial products
ADIB-Egypt, SimpliFi partner to expand digital payments ecosystem in Egypt
SimpliFi, the leading Cards as a Service (CaaS) platform for banking and fintech industries in MENA and Pakistan, and Abu Dhabi Islamic Bank (ADIB) Egypt, one of the most enterprising and digitally…
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e-finance sees 76.5% leap in H1-22 profits
The consolidated net profits of e-finance For Digital and Financial Investments skyrocketed by 76.50% year-on-year (YoY) in the first half (H1) of 2022 to EGP 486.52 million, compared to EGP 275.56…
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Fawry’s profit falls 29% in H1-22; revenues leam
The consolidated net profits of Fawry for Banking Technology and Electronic Payments fell by 28.5% on an annual basis during the first half (H1) of 2022 to EGP 98.04 million, compared to EGP 137.15…
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UAE’s Chimera acquires about 56% of Beltone for EGP 385m
A total of about 259.121 million shares in Beltone Financial subscribed on Wednesday to Abu Dhabi-based Chimera Investment’s mandatory tender offer (MTO), making up to 55.9% of the Egyptian company’s…
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GlobalCorp plans to issue EGP 1.5 bn in securitisation bonds in 2022
GlobalCorp plans to issue EGP 1.5 bn worth of securitized bonds in three tranches before the end of the year, Al Borsa quotes the company’s managing director, Hatem Samir, as saying.
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FRA okays 1st future flow securitisation programme of EGP 2bn
The Financial Group for Securitization will be the first in Egypt to securitise future flows on behalf of the Cairo for Investment and Real Estate Development (CIRA), following the Financial…
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Aman to launch securitisation affiliate with first issuance reaching EGP 500m within 3 months
Aman Group, one of the leading FinTech companies in the Egyptian market focusing on non-banking services, has announced the establishment of Aman Securitization company.
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Egypt to host African Reinsurance Corporation meetings; 1st since COVID outbreak
Egypt will host the representatives of 42 African countries at the General Assembly and the Board of Directors’ committee meetings of the African Reinsurance Corporation (Africa Re) on Wednesday after…
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Dutch FMO commits USD 10 mln to Algebra’s second tech fund
FMO, the Dutch entrepreneurial development bank, has signed a $10 million commitment to the second fund of Algebra Ventures, an Egyptian venture capital company.
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Swvl expands to Mexico with fourth acquisition of 2022:
Cairo-born mass transport app Swvl is continuing its buying spree with the acquisition of Mexico-based transport firm Urbvan Mobility, giving the Nasdaq-listed startup access to the second most…
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