President Abdel Fattah El-Sisi extended Hassan Abdullah’s term as acting governor of the Central Bank of Egypt (CBE) for another year. This was announced in a presidential decree published in …
Central Bank of Egypt
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President of the National Council for Women, Dr. Maya Morsy, affirmed that the “Tahwesha” initiative is the fruit of cooperation from 2017 between the National Council for Women and the …
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The Central Bank of Egypt (CBE) just announced that it replaced about 6 million pension cards with the national payment card, Meeza. Up until September 2022, 25 banks distributed 30 …
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EconomyHighlightsLifestyle
CBE, London Banking Institute Ink Agreement for Talent Development in Egypt
According to a press release published yesterday, the Central Bank of Egypt and The London Institute of Banking & Finance (LIBF) have just signed a Memorandum of Understanding (MoU) to …
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On the occasion of International Youth Day, all major banks in the Egyptian banking sector will be opening accounts for free and without a minimum limit, starting today, Tuesday, and …
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The Central Bank of Egypt (CBE) announced today that the total number of mobile phone wallets increased by nearly 20% to stand at 34 M by the end of June …
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Highlights
Deputy Governor: CBE Targets Transforming Egypt into Regional Hub for Financial Inclusion
During Seamless North Africa 2023, yesterday, the Deputy Governor of the Central Bank of Egypt (CBE), Rami Aboulnaga, affirmed that the bank’s strategy aims to transform Egypt into a regional …
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InstaPay, Egypt’s first and leading Payment Service Provider (PSP), plans to start charging transaction fees in early 2024. The software, which will be available in May 2022, will allow users …
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Highlights
Egyptian Banks Off for 4 Days on Occasions of New Hijri Year, July 23 Revolution Anniversary
Earlier today, the Central Bank of Egypt announced a four-day holiday in celebration of the new Hijri Year and the July 23 Revolution anniversary, where all banking services will stop …
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The African Export-Import Bank (Afreximbank) started negotiations with the Central Bank of Egypt and commercial Egyptian lenders to add them to its Pan-African Payment and Settlement System(PAPSS) in 2H 2023, …