financial inclusion Egypt
-
مال وأعمال
Contact Financial Holding Appoints Dr. Manal Hussein Abdel Razek as Chairperson of the Board
Contact Financial Holding SAE (CNFN.CA), today announced that Dr. Manal Hussein Abdel Razek has been appointed Chairperson of its Board of Directors, effective 28 April 2026, succeeding Mr. Hazem Moussa. Dr. Manal brings over three decades of leadership experience across Egypt’s financial services, public, and private sectors. She currently serves as Executive Chairperson of New City Housing & Development (formerly…
-
بنوك
QNB Egypt strengthens its footprint in the New Administrative Capital, bringing its network to 239 branches nationwide
QNB Egypt, a subsidiary of QNB Group, a leading financial institution in Africa and the Middle East, has opened its second branch in the New Administrative Capital, reinforcing its presence in one of Egypt’s fastest growing financial and administrative centres. QNB Egypt’s expansion reflects its strategy to grow in high impact locations and improve accessibility to its services. It also…
-
بنوك
Bank NXT Achieves Record Net Profit of EGP 3.17 Billion in 2025, Reflecting Robust and Steady Performance
Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, announced today its financial results for 2025, reporting a record net profit of EGP 3.17 billion and achieving a strong annual growth rate of 80%. This outstanding performance was driven by product development, strategic partnerships, and the execution of the bank’s ambitious growth plan to meet…
-
مال وأعمال
Financial Regulatory Authority Grants Orion Consumer Finance (marketing name “algo”) a License to Operate in Consumer Finance
Orion Consumer Finance (algo), a partnership between Talaat Moustafa Group (TMG) and AUR Leasing and Factoring, announced that it has received approval from the Financial Regulatory Authority (FRA) to operate in the consumer finance sector, after fulfilling all regulatory requirements set by the Authority. This step reflects the state’s direction toward expanding non-banking financial services and enhancing financial inclusion. In…
-
بنوك
To Expand the Beneficiary Base of Innovative Financing Solutions: National Bank of Egypt (NBE) Grants Short-Term Financing to U Consumer Finance “Valu”
The National Bank of Egypt (NBE) announced the signing of a short-term financing agreement worth up to EGP 3 billion for U Consumer Finance, known under the trademark of “Valu”, Egypt’s universal financial technology powerhouse. This comes as part of NBE’s support for the non-banking financial sector, the promotion of financial inclusion, and the expansion of the beneficiary base for…
-
مال وأعمال
Tanmeyah Achieves LEED Platinum V4.1 O+M Certification for Its Headquarters
Tanmeyah, a leading provider of innovative and integrated financial solutions for micro and small business owners and entrepreneurs, has achieved LEED Platinum V4.1 O+M certification for its headquarters, marking a major milestone in the company’s sustainability journey and reinforcing its commitment to environmental stewardship, responsible operations, and long-term value creation. Awarded under the internationally recognized Leadership in Energy and Environmental…
-
مال وأعمال
IFC Invests $20 Million Equivalent in EGP as Lead Investor in Global Corp’s Upcoming Securitization
GlobalCorp Financial Services (“GlobalCorp”), Egypt’s fastest-growing and most dominant non-banking financial institution (NBFI), has officially entered a strategic partnership with the International Finance Corporation (IFC) — a member of the World Bank Group — to supercharge financing for micro, small, and medium enterprises (MSMEs) and drive climate finance innovation across Egypt. This milestone marks one of the most significant international…
-
تكنولوجيا
bluworks Raises $1 Million Seed Round to Accelerate Growth in Egypt and Expand Across MENA
bluworks (bluworks.io), based HR tech startup specializing in workforce management solutions, has closed a $1 million seed funding round to accelerate growth across Egypt and expand regionally. The round was led by A15, Enza Capital, and Beltone Venture Capital, Acasia Ventures alongside strategic angel investors. Led by cofounders Hussein Wahdan and Farah Osman, bluworks has shown strong growth since its…
-
بنوك
Crédit Agricole Egypt: Standalone Financial Results for period ending September 30, 2025
The Board of Directors of Credit Agricole Egypt approved the Bank’s results for the period ending September 30, 2025, at its meeting held on Tuesday, October 28, 2025. Main Highlights Net Profit at EGP 5,131 million, down -15% Year-on-Year (Exceptional FX income* in 1Q24); Customer Deposits reached EGP 107.1 billion, up 27% Year-on-Year; Gross Loans reached EGP 61 billion, up…
