Egyptian Financial Supervisory Authority

EFSA receives tender offer from Orascom to purchase Sarwa Capital shares

Sun, 18 Nov 2018 - 03:10 GMT

The Egyptian Financial Supervisory Authority (EFSA) announced Sunday that it has received a tender offer from Orascom Investment Holding (OTH) to buy capital shared of the Sarwa Capital company.

Chairman of the FSA Mohammed Omran awarded at bt100

Wed, 21 Feb 2018 - 03:24 GMT

In the glamorous bt100 Awards ceremony organized by Business Today magazine, Mohammed Omran, the Chairman of the Egyptian Financial Supervisory Authority, was awarded for his contribution to the growth of the Egyptian economy.

LE 7.12B value of micro funding activities by end of 2017: Omran

Sun, 18 Feb 2018 - 11:19 GMT

Micro funding reached more than LE 7.12 billion by the end of 2017 with a growth rate of 59 percent, compared with the same period in 2016.

Microfinance registers LE 6.1B in Q3 2017

Sun, 17 Dec 2017 - 10:43 GMT

A number of 840 entities were granted licenses by the EFSA to operate in the microfinance sector.

Egypt's Ibn Sina Pharmaceuticals plans December IPO

Thu, 23 Nov 2017 - 09:49 GMT

The offering would range from 5.21 pounds to 5.95 pounds per share.

Mortgage finance contracts reach LE 8.2B

Wed, 22 Nov 2017 - 09:55 GMT

Omran called on firms to expand their work to include pre-delivered residential units.

EFSA studies establishing Transactions Risk Fund: Omran

Mon, 20 Nov 2017 - 01:36 GMT

Omran said the authority will also work on preparing the legal framework for new financial tools, such as the Green Bonds.

Samy calls on entrepreneurs not to only depend on bank loans

Mon, 20 Nov 2017 - 09:07 GMT

Establishing investment funds for micro-financing is strongly needed in Egypt to attract more social investments.

New vice chairman appointed for EFSA

Sun, 01 Oct 2017 - 12:52 GMT

“EFSA is currently imposing an inclusive strategy for non-financial services to boost the role of that sector and provide needed funds for projects,” Nasr said.

Reda Abdel Moaty to serve as acting head of EFSA

Mon, 07 Aug 2017 - 10:02 GMT

Minister of Investment Sahar Nasr on Monday said that Reda Abdel Moaty was named the acting head of the Egyptian Financial Supervisory Authority (EFSA).

EFSA issues over 2,300 approvals in 6 months

Sun, 30 Jul 2017 - 09:46 GMT

The approvals valued LE 43.5 billion in capital, where LE 21.5 billion of them is issued capital, recording 35 percent year-on-year increase.

Microfinance balances total LE 5B in Q1 of 2017

Mon, 10 Jul 2017 - 08:42 GMT

The value of the existing microfinance balances at Egyptian NGOs and companies rose 10 percent to LE 5 billion up from LE 4.5 billion in the previous quarter.

Social solidarity min. holds talks with WB mission on reforming pension system

Fri, 07 Jul 2017 - 09:32 GMT

Ghada Wali held a meeting Friday with members of the World Bank mission on the sidelines of their visit to Egypt to follow up reforms in the country's pension system.

Egyptian insurance market gains LE 20B in FY 2016/17

Tue, 04 Jul 2017 - 02:08 GMT

Total premiums of the Egyptian insurance companies exceeded LE 20 billion ($1.12 billion) in the fiscal year 2016/17, up LE 2 billion year-on-year.

EFSA approved 1,964 new companies, capital increase by May

Mon, 03 Jul 2017 - 08:40 GMT

Around LE 16.8 billion of the total value are already paid, recording 11 percent increase.

Misr Life, NBE to provide insurance to 500K clients

Fri, 23 Jun 2017 - 08:00 GMT

Misr Life Insurance will provide insurance services to 500,000 customers at the National Bank of Egypt (NBE)

Banque du Caire, Enmaa Leasing cooperation to fund SMEs

Mon, 19 Jun 2017 - 07:17 GMT

Banque du Caire has signed a cooperation agreement with Enmaa Leasing Company to finance small and medium businesses.

Investment, Justice Ministries study Companies Act

Mon, 05 Jun 2017 - 09:26 GMT

A joint committee between the Ministries of Investment and Jutice are studying amendments to the shareholding and limited Companies Act.