Commercial International Bank (CIB), Egypt's largest listed bank, has received preliminary approval from the Central Bank of Egypt (CBE) to launch yomo, a standalone digital bank.
The new vehicle will write $1m–$3m tickets into farming and agri-processing companies, backed by IFAD, a private lender consortium and UK development capital.
Commercial International Bank (CIB), Egypt's largest listed bank, has received preliminary approval from the Central Bank of Egypt (CBE) to launch yomo, a standalone digital bank.
The new vehicle will write $1m–$3m tickets into farming and agri-processing companies, backed by IFAD, a private lender consortium and UK development capital.
For most financial technology companies, the race for growth hinges on capturing the youngest, most digitally-native users. But that could be misleading.
