FRA

FRA cautions citizens against fake investment platforms as ads for unlicensed entities rise

Wed, 07 May 2025 - 10:58 GMT

The FRA noted a growing number of online ads and social media posts that entice citizens to commit funds to ventures lacking the necessary licenses.

FRA approves LE 5.8bn in Islamic sukuk, pushing market total to LE 25.7bn

Mon, 28 Apr 2025 - 01:46 GMT

Both offerings will be conducted through private placements, targeting financial institutions and high-net-worth investors.

FRA adds new projects to voluntary carbon market, bolstering the database to 28 projects

Mon, 24 Mar 2025 - 12:11 GMT

The Financial Regulatory Authority (FRA) has approved two new projects to register on the voluntary carbon market (AFRICARBONex).

FRA increases financing caps for microfinance and micro-insurance

Tue, 04 Mar 2025 - 02:57 GMT

The changes are part of the FRA’s ongoing efforts to support financial sustainability and enhance access to funding.

FRA sets new limits on insurance companies’ investments to boost market stability

Wed, 12 Feb 2025 - 01:29 GMT

The Financial Regulatory Authority (FRA) has unveiled new regulations governing the investment allocations of insurance and reinsurance companies. The move is part of broader efforts to enhance financial stability and optimize investment efficiency in the sector.

FRA announces new private insurance fund regulations to improve investment portfolio diversity

Sun, 26 Jan 2025 - 03:05 GMT

Funds operating defined benefit pension plans are now allowed to invest up to 10 percent of their total assets in metal-related financial instruments traded on the Egyptian Exchange (EGX).

FRA amends non-banking financial institutions’ fiscal year to better align with new law

Sun, 26 Jan 2025 - 03:01 GMT

This replaces the previous fiscal year, which began on July 1. The new regulations are within the FRA's efforts to implement guidelines outlined in the Unified Insurance Law, which came into effect in July 2024.

FRA forms new committee for voluntary carbon market to boost country’s sustainability efforts

Thu, 23 Jan 2025 - 11:23 GMT

The voluntary carbon market is a system that allows businesses, organizations, and individuals to voluntarily buy and sell carbon credits to offset their greenhouse gas emissions.

FRA reports LE 718 Billion in financing, robust insurance sector growth in 2024

Sun, 05 Jan 2025 - 12:28 GMT

Consumer financing totaled LE 47.4 billion, factoring operations amounted to LE 55.8 billion, and real estate financing reached LE 20.9 billion.

Egypt’s first digital factoring license secured by FinTech oliv

Mon, 16 Dec 2024 - 03:56 GMT

The license enables oliv to offer fully digital factoring and reverse factoring services to Egyptian businesses, a move that could revolutionize access to working capital for the country’s SMEs.

Egypt’s consumer financing reaches LE 41.9B in first 9 months of 2024

Tue, 03 Dec 2024 - 10:37 GMT

Consumer financing involves providing funds for purchasing goods and services for personal use, with repayment terms spanning at least six months.

FRA establishes FinTech sandbox to boost innovation in non-banking financial services

Thu, 21 Nov 2024 - 12:58 GMT

The sandbox seeks to support startups offering smart digital solutions, making it easier for them to enter the financial market while enhancing the regulatory framework for fintech.

FRA champions digital transformation at Cairo ICT Conference

Mon, 18 Nov 2024 - 02:31 GMT

He reaffirmed the FRA’s dedication to creating a supportive regulatory environment and advancing innovative solutions in line with Egypt’s Vision 2030.

FRA grants Beltone Capital license to launch country’s 2nd credit rating agency

Tue, 22 Oct 2024 - 09:21 GMT

With this approval, Beltone, in collaboration with its partner CRIF — an international leader in credit and business information analytics — will establish Egypt’s second credit rating agency.

FRA reports significant growth in non-banking financing across key sectors

Sun, 29 Sep 2024 - 02:08 GMT

According to a recent FRA report, the loan balances granted to MSMEs increased to LE 66.8 billion by the end of July 2024, compared to LE 46.143 billion by the end of July 2023.

FRA approves Egypt’s inaugural a special purpose acquisition company

Wed, 25 Sep 2024 - 03:30 GMT

CPME aims to complete acquisitions of target companies within two years from the date of its listing, explained the FRA statement.

FRA's Progress in Enhancing Egypt's Non-Banking Financial Sector

Tue, 17 Sep 2024 - 01:01 GMT

Ongoing efforts are directed towards expediting digital transformation and fostering financial inclusion within this sector.

FRA inaugurates trading on Africa’s 1st voluntary carbon market

Tue, 13 Aug 2024 - 02:26 GMT

Trading started today, August 13th, with oversight provided by financial authorities in Egypt and across Africa.

FRA, FDA collaborate for Egypt’s non-banking financial in SDG

Wed, 10 Jul 2024 - 02:54 GMT

They recently signed a memorandum of understanding (MoU) that outlines their shared commitment to promote climate practices and sustainable financing in Egypt.

Non-banking financial sector reports significant growth in Q1 2024: FRA

Thu, 13 Jun 2024 - 09:56 GMT

In its report, the FRA explained that total loans for micro, small, and medium enterprises (MSMEs) in Egypt surged to LE 62.8 billion in March 2024 from LE 40.9 billion in March 2023

More