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Agricultural Bank of Egypt Launches New Facilities Through ‘Bab Rizq’ Program

The step is part of the Central Bank of Egypt’s (CBE) initiative to promote financial inclusion for farmers, on the occasion of Egyptian Farmer’s Day.

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Egypt Eyes Surge in Fintech Investment After New Laws

New legislation and regulatory changes in Egypt are set to unleash a surge in new fintech investments and change the way the country’s largely unbanked citizens do business, industry players say. 

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Agricultural Bank of Egypt Expands "Bab Rizq" Microfinance Programme to 150 Branches

The program aims to increase income, improve livelihoods in rural areas and achieve financial inclusion for female breadwinners.

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CBE-Hosted Fintech Innovation Sprint Launched to Address COVID-19 Challenges

The initiative comes as part of Egypt’s fintech and innovation strategy that aims to achieve the state’s goals in using technology, as well as promoting innovation and financial inclusion.

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New IFC Initiative Helps Banks in Mexico, Philippines, South Africa, Egypt Scale Climate Finance

The program is designed to increase climate lending by participating banks in Egypt, Mexico, the Philippines, and South Africa to 30 percent of their portfolios by 2030.

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Egypt’s Zeal Raises Six-Figure Seed for Its Digital Payments and Loyalty Platform

Egyptian fintech Zeal Rewards has raised a seed investment from an angel investor, it announced in a statement to MENAbytes this week.

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SANAD Provides First Tier II Capital in Egypt to Banque du Caire

Subordinated debt totaling $30 million to strengthen capital base and boost bank’s ability to provide local businesses with much-needed financing.

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Knowledge Officer Partners With GIZ to Launch Fintech Academy in Egypt

The initiative aligns with the Knowledge Officer’s mission to empower the fintech ecosystem with education.

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SANAD and Export Development Bank of Egypt Strengthen Partnership to Support SMEs, Agricultural Exporters, and Microfinance Institutions in Egypt

The aim of this partnership is to channel much-needed financing to agricultural and small and medium-sized exporters as well as microfinance institutions in Egypt in response to the economic difficulties brought about by COVID-19.