Egypt’s Financial Regulatory Authority (FRA) has issued a statement categorically denying reports that it ordered the closure or operational suspension of branches operated by non-banking financial institutions, most of them fintech firms.
Fewer than one in twenty newly formed African-focused funds can write a cheque above $10m. The continent's largest deals in the first half of 2026 were financed by debt and by global capital with no African mandate at all.
Zafiri will serve as a blended finance vehicle — meaning it uses a mix of concessional (low-cost) and commercial capital — to help de-risk investments in companies delivering DRE solutions.
The timing of IFC’s reform push is hardly ideal. ESG investing, once the darling of asset managers and development financiers, is facing a growing global backlash .
Egypt’s Financial Regulatory Authority (FRA) has issued a statement categorically denying reports that it ordered the closure or operational suspension of branches operated by non-banking financial institutions, most of them fintech firms.
Fewer than one in twenty newly formed African-focused funds can write a cheque above $10m. The continent's largest deals in the first half of 2026 were financed by debt and by global capital with no African mandate at all.
As the Central Bank of Egypt raises risk weights and tightens bank funding rules, the country’s largest listed consumer lender is looking to fee-based revenue to protect its growth.
