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EBRD eyes minority stakes in two banks under Egypt's IPO programme - Economy - Business ahram.org.eg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ahram.org.eg Daily Mail and Mail on Sunday newspapers.
EBRD eyes minority stakes in two banks under Egypt's IPO programme - Economy - Business ahram.org.eg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ahram.org.eg Daily Mail and Mail on Sunday newspapers.
Three Egyptian state-owned banks are planning to launch a new fund to invest in fintech startups before the end of 2021, with expectations to reach a first close of $85 million.
Egyptian fintech in 2021: The journey ahead [Part Two] Image courtesy of Shutterstock In the second part series, Michel Assaad, vice president of Europe, Middle East and Africa strategy at Citi Bank, outlines the trends that have emerged in Egypt's financial technology (fintech) space over the past year. The views expressed below belong solely to him and not his employer. The past 10 months have been eventful, exhausting and sometimes painful. With vaccines being rolled-out, there is finally hope and a tentative timeline to get on a bumpy road to recovery. Regardless of the timing of the recovery, 2021 will be exciting and lively for Egyptian fintechs. In addition to the trends outlined in the first part of this feature which will continue to drive most of fintech activity in 2021, there are a few other areas that I will be following closely: