Africa’s mid-market businesses — often too large for microfinance but too small or risky for traditional bank lending — face an estimated $330 billion annual financing shortfall, according to the African Development Bank.
The Egyptian fintech sector is witnessing a surge in debt financing as major players turn to securitization and bond issuances to fuel growth. The latest to join the trend is Fawry, the country’s leading digital payments company, whose subsidiary Fawry for Micro, Small, and...
