Financial Inclusion

Financial inclusion in Egypt rises 115% during 6 years

Tue, 26 Apr 2022 - 06:27 GMT

The Central Bank of Egypt (CBE) has issued the main indicators of financial inclusion, which contribute to following up on the development of the use of financial services and products for all segments of society in a way that supports achieving sustainable growth and economic stability.

Banking services related to financial inclusion up 110% over past 5 years

Tue, 15 Mar 2022 - 02:38 GMT

Loqman said that E-commerce transactions in Egypt reached about LE 200 billion.

CBE deputy governor: Financial inclusion rates up 110% in last 5 years

Mon, 14 Mar 2022 - 07:14 GMT

Addressing a conference on the future of small and medium-sized enterprises (SMEs), which is organized by the Union of Arab Banks (UAB) in the Upper Egyptian city of Luxor, Loqman said the CBE is seeking to equally offer financial services to the majority of citizens across Egypt.

UNCTAD showcases potential of African Continental Free Trade Agreement

Sun, 19 Dec 2021 - 07:25 GMT

Although the free trade part entails removing tariffs, that is not all.

Digitalization spearheads Egypt's Financial inclusion drive

Thu, 06 May 2021 - 02:17 GMT

The CRR provides in-depth analysis of Egypt’s response to the pandemic in an easy-to-navigate and accessible format, focusing on key data and infographics relating to its socio-economic landscape.

Egyptian pres. instructs CBE to launch real estate financing program offering 30-year loans with 3%-interest max

Mon, 15 Mar 2021 - 10:35 GMT

The program is targeted at low and middle income citizens.

When are entities obliged to use cashless payment methods?

Thu, 03 Dec 2020 - 12:49 GMT

There is a global trend to adopt policies that reduce cash dealings, and encourage the use of banking e-financial methods.

Egypt's central bank eases procedures to open accounts for individuals, micro enterprises

Mon, 05 Oct 2020 - 11:42 GMT

In a statement, the bank said the new procedures allow new clients to open savings and current accounts by just a valid national ID number card.

President Sisi inaugurates 23rd edition of ‘CAIRO ICT’

Sun, 01 Dec 2019 - 10:10 GMT

Cairo ICT held on December 1-4 at Al Manara International Conferences Center on the slogan “The Digital Experience.”

CBE gov.: We give top priority to spurring financial inclusion rates

Mon, 16 Sep 2019 - 02:32 GMT

Amer stressed as well the need for providing a supportive environment, through backing entrepreneurs and promoting innovative projects, as well as strengthening the business climate.

Egypt steadily moving towards digital transformation: Finance Ministry

Sun, 11 Aug 2019 - 08:35 GMT

Thanks to the government's electronic payment and collection system, launched in May, government services have become more accessible to citizens at their actual prices.

CBE launches Enhancing Financial Inclusion program with funding of €3.2M

Fri, 23 Nov 2018 - 08:43 GMT

The launch of the program came in cooperation with the European Union and the German Embassy in Cairo.

Toward a Cashless Economy

Thu, 27 Sep 2018 - 08:00 GMT

Egypt has taken some serious steps toward financial inclusion, but there are still several barriers on the road to fully achieving it.

Egypt uses electronic payment of dues exceeding LE 100K

Wed, 27 Jun 2018 - 01:29 GMT

The decision allows the payment of dues less than LE 100,000 by checks with the prohibition of payment of any financial dues in cash except for amounts less than LE 5,000.

EIB provides €20M to support Egypt's SMEs

Mon, 25 Jun 2018 - 07:25 GMT

The European Investment Bank (EIB) and Bank of Alexandria (Alexbank) signed a financing agreement worth €20 million to support small and medium-sized enterprises.

Egypt seeks to enhance cooperation with Visa: Sisi

Wed, 04 Apr 2018 - 01:31 GMT

President Abdel Fattah El Sisi on Wednesday had talks with CEO of Visa International Alfred Kelly and several senior company officials.

Financial Supervisory Authority’s board of directors reshaped

Sun, 25 Mar 2018 - 03:18 GMT

Prime Minister Sherif Ismail issued a decree Sunday to reshape the board of directors of Egypt’s Financial Supervisory Authority.

Businessmen, investors participate in Egypt Economic Forum

Sat, 10 Mar 2018 - 12:23 GMT

Some 800 businessmen and investors from nine countries will participate in Smart Vision’s tenth annual economic forum, which will be held in Cairo next week.

CI Capital to hold its 2nd MENA Investor Conference this month

Wed, 24 Jan 2018 - 04:07 GMT

The three-day conference will host several ministers and government officials to discuss key economic issues, including financial inclusion and fiscal reforms.

Gates Foundation encourages financial inclusion

Sun, 17 Sep 2017 - 10:54 GMT

The financial inclusion initiative will cause a radical change in Egypt, senior advisor at Bill & Melinda Gates Foundation, Christopher Calabia said.

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