Egypt Fintech Firm MNT-Halan Securing $400 Million in New Finance
According to the company MNT-Halan provides small- and micro-business lending, payments, consumer finance and e-commerce.
Financial Inclusion in Egypt Reaches 65 Percent in 2022
The Central Bank of Egypt reports an increase in financial inclusion as total ownership of transactional accounts reach 64.8 percent of the total 65.4 million eligible adult population at the end of 2022.
Symbiotics Investments Supports the Digitization of Traditional Money Circles in Egypt Through a Loan to Money Fellows
Symbiotics Investment granted Money Fellows, an Egyptian fintech, a $2.25 million loan to digitize money circles and expand its operations locally.
ADIB Egypt to Launch Egypt’s First Sharia-Compliant Microfinance Firm
The move comes within the framework of the bank’s plans to achieve financial inclusion and boost the sector of micro-sized enterprises in Egypt.
CIB, ADIB Egypt Promote Financial Inclusion With Youth-Focused Services
The initiative aims to raise awareness among young people about digital literacy, enhance digital financial inclusion, and encourage youth to join the financial sector and benefit from banking products and services.
EBRD and Consortium of Investors Acquire Egypt’s Tamweely Microfinance
The acquisition will support Tamweely’s domestic growth strategy and boost its competitiveness and resilience, enabling it to become one of the country’s leading microfinance providers.
Mastercard and RISE Mark Significant Progress in Wage Digitalization Project, Reaching 24,000 Garment Workers Across Egypt
The Mastercard Center for Inclusive Growth and RISE announce significant progress of their joint wage digitalization project in Egypt, which aims to enhance financial inclusion and resilience among garment workers.
Increasing Financial Inclusion in Egypt’s Garment Sector through Responsible Wage Digitalization: Benefits for Workers and Business
This report sets out the results from supporting nine factories in five governorates in Egypt with over 24,000 workers with wage digitalization and enabling workers to access, use and benefit from their accounts.
Al Tadamun for Microfinance Signs EGP 100M Deal With Agricultural Bank of Egypt
This partnership aims to expand funding for women-owned micro-projects across various productive, commercial, and service sectors throughout Egypt.