The Central Bank of Egypt (CBE) has announced a major step forward in the country’s digital finance transformation, confirming that it is working with local banks to launch card tokenization …
Central Bank of Egypt
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EconomyHighlights
Egypt’s Financial Inclusion Hits 74.8% by End of 2024, Driven by Youth and Women Empowerment
The Central Bank of Egypt (CBE) announced that 74.8% of citizens aged 15 and above now have access to and actively use formal financial accounts. This includes accounts with banks, …
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EconomyHighlights
President Sisi Renews Hassan Abdalla’s Term as CBE’s Acting Governor, Banking Expert Sahar El-Damaty Hails Decision
Egyptian President Abdel Fattah El-Sisi has issued a presidential decree renewing the appointment of Hassan Abdalla as Acting Governor of the Central Bank of Egypt (CBE) for an additional one-year …
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HighlightsWomen on Top
Al Tadamun Microfinance Foundation and Banque Misr Forge EGP 200 Million Credit Line to Elevate Women-Led Microenterprises
Al Tadamun Microfinance Foundation has entered into a strengthened strategic partnership with Banque Misr, expanding its existing credit facility to EGP 200 million. The agreement targets the empowerment of women entrepreneurs and reinforces Egypt’s …
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HighlightsNews
CBE Signs Strategic MoU with “Hayah Karima” Foundation to Promote Sustainable Social Development and Economic Empowerment
Egypt’s Central Bank of Egypt (CBE) has signed a Memorandum of Understanding (MoU) with the “Hayah Karima” Foundation, a prominent entity spearheading social development across Egypt’s most vulnerable communities. The …
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EconomyHighlights
CBE Gears Up for Phase Two of Digital Remittance Project in Cooperation with 12 banks
The Central Bank of Egypt (CBE) has announced preparations for the launch of the second phase of its project to digitize remittances from Egyptians working abroad, with the participation of …
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The Central Bank of Egypt (CBE) has reported a significant decline in Egypt’s external debt, which decreased by approximately $11.8 billion during FY 2023/2024. By June 2024, the country’s …
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EconomyHighlightsNews
Egypt’s Central Bank Strengthens Efforts to Combat Money Laundering with New Guidelines for Identifying True Beneficiaries
The Central Bank of Egypt (CBE), in collaboration with the Egyptian Money Laundering and Terrorist Financing Combating Unit (EMLCU), has introduced new guidelines aimed at helping banks accurately identify …
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As part of its commitment to advancing digital transformation in line with Egypt’s Vision 2030, the Central Bank of Egypt (CBE) has announced the extension of a fee exemption for …
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In a recent statement, the Central Bank of Egypt has announced a nationwide bank holiday in observance of the end of the financial year for banks operating in the …
