Egypt’s consumer finance market hits EGP 47.45bn in 10M 2024, growing 25.1%
Said Zater, Chairperson of the Egyptian Federation of Consumer Finance, announced that Egypt’s consumer finance sector experienced significant growth, reaching EGP 47.45bn in the first ten months of 2024—a 25.1% increase compared to the same period in 2023. The number
Egypt sets new minimum capital requirements for insurers
The Board of Directors of Egypt’s Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has issued Decree No. 196 of 2024, setting new minimum capital requirements for insurance companies. The decree implements provisions of the Unified Insurance Law issued in
Striving to digitize real estate appraisal nationwide: FRA Chairperson
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), highlighted the Authority’s ongoing efforts to digitize real estate appraisal by developing electronic applications to assist appraisers in various regions. These applications will include all the necessary details for issuing appraisal
Beltone Holding announces capital increase to EGP 21.676bn to fuel expansion, diversification
Beltone Holding has revealed the reasons behind its decision to increase its authorized capital from EGP 11bn to EGP 22bn, and its issued and paid-up capital from approximately EGP 10.926bn to about EGP 21.676bn. The company disclosed these plans in
Beltone Capital, CRIF forge joint venture to offer comprehensive rating solutions
Beltone Holding announced on Monday that its fully-owned subsidiary, Beltone Capital, has entered into a joint venture agreement with CRIF, a global leader in credit bureau services, business information systems, analytics, outsourcing, and digital solutions. This partnership aims to launch