Featured FintechEgyptian fintech Khazna secures funding from Algebra VenturesPritam BordoloiMarch 12, 2020March 12, 2020 by Pritam BordoloiMarch 12, 2020March 12, 2020 The startup will provide its services to 20 mn Egyptians who have access to a mobile phone but no access to financial services... Read more
Featured LogisticsEgyptian logistics startup Bosta secures funding from DPDgroupPritam BordoloiFebruary 26, 2020 by Pritam BordoloiFebruary 26, 2020 The funding will be used to position Bosta as a leader in the industry... Read more
Featured TechnologyEmirates NBD Egypt is first in MENA to use switch technology for card paymentsInternational FinanceFebruary 20, 2020March 18, 2020 by International FinanceFebruary 20, 2020March 18, 2020 Mastercard World Switch Card will interlink both credit and debit accounts, allowing cardholders to switch to either for payments... Read more
Featured TechnologyEgypt’s National Bank joins Ripple’s blockchain for faster remittancesPritam BordoloiFebruary 13, 2020 by Pritam BordoloiFebruary 13, 2020 The National Bank of Egypt signed an agreement to use Ripple’s global blockchain platform called RippleNet... Read more
Featured TelecomSaudi Telecom to buy 55% stake in Vodafone’s Egypt unitPritam BordoloiJanuary 30, 2020 by Pritam BordoloiJanuary 30, 2020 The Saudi Telecom deal for Vodafone Egypt is expected to cost around $2.4 bn... Read more
Featured TelecomTelecom Egypt debunks claims that it could sell its stake in VodafonePritam BordoloiJanuary 28, 2020January 28, 2020 by Pritam BordoloiJanuary 28, 2020January 28, 2020 Telecom Egypt holds 45% stake in Vodafone Egypt... Read more
Featured InsuranceEgypt’s Misr Insurance targets 10% growth by June 2020Pritam BordoloiJanuary 27, 2020January 27, 2020 by Pritam BordoloiJanuary 27, 2020January 27, 2020 Chairperson Basel El Hini revealed that the company’s profits reached a record high of E£4 bn in 2019... Read more
Banking FeaturedMoneyGram, Suez Canal Bank enable seamless money transfers to EgyptInternational FinanceJanuary 24, 2020March 18, 2020 by International FinanceJanuary 24, 2020March 18, 2020 Suez Canal Bank will link to MoneyGram platform to offer new account deposit services to Egyptian customers... Read more
Featured TechnologyAfrican tech startups secure $491.6 mn in funding in 2019Pritam BordoloiJanuary 22, 2020January 24, 2020 by Pritam BordoloiJanuary 22, 2020January 24, 2020 2019 also witnessed a 61% increase in the number of investors to reach 261... Read more
Economy FeaturedEgypt’s external debt increases 17.47% to $109.363 bn last SeptemberInternational FinanceJanuary 20, 2020March 18, 2020 by International FinanceJanuary 20, 2020March 18, 2020 The World Bank estimates Egypt’s volume of long-debt to be more than $98.3 billion... Read more