Fawry, Egypt’s largest electronic payments network, is accelerating its push into direct lending, securing a EGP 250m ($5.1m) financing facility from the European Bank for Reconstruction and Development (EBRD). The move marks a distinct pivot for the financial technology group as it seeks to...

There is a counterargument that current data cannot disprove.

Fawry, Egypt’s largest electronic payments network, is accelerating its push into direct lending, securing...

There is a counterargument that current data cannot disprove.

Three years ago, when electric mobility was still an experimental idea in much of Africa, Japanese entrepreneur Yuma Sasaki made an unconventional choice.

The new facility comes on the heels of a transformative 12 months for the Lomé-based company.