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Financial products
Jumia announces new initiative to support Egypt SMEs, handicrafts
E-commerce giant Jumia Egypt announced it had launched a new initiative at the beginning of the Holy month of Ramadan to support small and medium-sized (SMEs) businesses in the country
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Elmenus eyes Africa expansion by the end of the year
Online food delivery platform Elmenus is planning to expand into new African markets by the end of the year, according to Amir Allam, the company’s founder and CEO.Online food delivery platform…
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Amazon Payment Services waives service fees for new MSMEs
Amazon Payment Services has announced it will waive all fees for new micro, small, and medium enterprises (MSMEs) wishing to benefit from its services in Egypt.
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Egypt’s Paymob raises $15 mln new capital, largest ever in North Africa
Paymob, an Egyptian digital payments provider, has raised $15 million of new capital from existing investors in a second tranche of its Series A fundraising activity, following a first tranche of $3.5…
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NBE provides services to clients at New Administrative Capital through mobile unit
The National Bank of Egypt (NBE) has started providing various banking services to customers at the New Administrative Capital (NAC).
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OFH’s new fintech includes Fawry marketing head as a founding member
Orascom Financial Holding (OFH) included Ahmed Nabil, former head of marketing for Fawry Group, into its new new financial technology company to provide financial technology services and e-payments.
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Bank Audi Egypt to launch new internet, mobile banking applications soon
Bank Audi – Egypt has announced that it will launch advanced applications for internet services, named “Audi Online”, and mobile banking, named “Audi Mobile”, within days.
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EFG Hermes Finance signs partnership with Universal Group to create bespoke e-commerce platform
EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), announced that its NBFI platform has signed a partnership with Universal Group to launch a bespoke e-commerce…
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Misr Life Insurance’s ‘Maash Bokra’ product available in over 150 NBE branches
The Misr Life Insurance Company has announced that the Ma’ash Bokra (“Tomorrow’s Pension”) product is now available in over 150 branches of the National Bank of Egypt (NBE) nationwide
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Tamweely to provide loans through Egypt Post branches
Egypt Post has partnered with microfinance player Tamweely to disburse loans for microbusinesses through the former’s 4k branches across the country, Egypt Post said in a statement.
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