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.
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.
