All News and Announcements

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News

South Africa's Sava and Mastercard Partner to Support Small, Medium, and Micro Enterprises

Through the partnership, the two entities will provide small businesses in South Africa, Nigeria, Kenya, and Egypt with an online platform, powered by SAVA’s Payment Transaction System, that includes digital bank accounts and accounting integration tools.

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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.

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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.

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Egypt: Reefy Microfinance Raises $6.5 M to Expand MSME Loan Portfolio

The financial backing aims to enable the microfinance institution to support more SMEs in a context marked by economic challenges in Egypt. 

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Network International to Drive Financial Inclusion and Make Digital Payments More Accessible in Egypt

Newly launched direct-to-merchant acquiring service in Egypt aims to boost digital payment acceptance in the region.

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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.

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Egyptian Fintech Startup Copal Partners Mastercard to Launch Family Payments Mobile App

Egyptian fintech startup Copal has partnered Mastercard to launch a family payments mobile app that brings all family members onto a unified payment platform that is fully managed by parents.

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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.

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CBE Launches Financial Inclusion Strategy 2022-2025

The Central Bank of Egypt formulated the Financial Inclusion Strategy (2022-2025), with the aim of the promotion of financial inclusion and the achievement of economic growth in Egypt.

News

Tammeyah for Microfinance Services Buys French B2B Marketplace

Tanmeyah, which was founded in 2009, provides working capital for smaller enterprises and reports having 391,000 clients.