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Cairo to host 3rd Intra-African Trade Fair in November

The decision to change the venue and dates of the continental event followed the announcement from Côte d’Ivoire that it was no longer in a position to host the trade fair

EFG Hermes’s Q1 2023 profit jumps 157% to $28.6 million

The bank said its net profit after tax and minority reached $28.6 million (EGP 885 million) in Q1 2023

UAE central bank awards acquiring license Checkout.com

The license allows Checkout.com to unlock its full proposition for merchants in the UAE

Mastercard, Foloosi partner to launch Click to Pay in UAE

Click to Pay raises the bar for guest checkout transactions by making it easy, secure, and fast to checkout

Network International debuts ‘direct-to-merchant’ services in Egypt

The networkpay service simplifies payments for merchants, enabling them to accept electronic payments through different channels

Egypt’s SODIC posts EGP 187 million in Q1 profit

The Egyptian developer’s revenues jumped 26% to EGP 1.50 billion in the quarter from EGP 1.20 billion in Q1 2022

Fitch Ratings downgrades Egypt’s sovereign credit rating

Egypt’s external financing risk has increased given the country’s high external financing requirements

EFG Hermes’ aiBank posts EGP 525.6 million FY net profit

aiBank’s outstanding business results follows its acquisition by EFG Hermes and the Sovereign Fund of Egypt

Mastercard, Egypt’s egabi partner to advance digital lending solutions

Mastercard has partnered with the fintech solutions provider egabi to advance financial institutions and non-traditional partners’ access to new embedded finance and digital lending...

Taly launches digital payment services in Egypt with BPC

Taly’s launch of comprehensive digital payments in Egypt is expected to expand digital transformation services

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