Egypt - The Central Bank of Egypt (CBE) has announced a temporary increase in the daily cash withdrawal limit for individuals and companies at bank branches, raising the cap in local currency to EGP ...

Zenith Bank is in advanced talks to acquire a tier-two bank in Kenya. The Central Bank of Kenya has raised capital requirements, triggering market consolidation. Zenith raised $228 million in early ...

Establishing Morocco as its 17th country of presenceCairo, Egypt — The Pan-African Payment and Settlement System (PAPSS) is pleased to announce the entry of the Kingdom of Morocco into its growing ...

The net foreign assets of the banking sector (the central bank and commercial banks) rose by about $1.2 billion to $14.7 billion in May 2025, compared to $13.6 billion in the previous month.This ...

The central bank lowered rates by 100 basis points on May 22 and by 225 basis points on April 17, its first adjustments since ...

Egypt's annual headline inflation rate is forecast to have decelerated slightly in June to 16.2% as some food and beverage ...

Contact Creditech, the digital consumer finance arm of Contact Financial Holding, has entered into a strategic partnership ...

Egypt and Saudi Arabia share many foreign policy and regional security objectives and have a long and complicated ...

Arab Finance: The exchange rate of the US dollar to Egyptian pound declined during Monday’s mid-session, hitting EGP 50.63 for buying and EGP 50.67 for selling at the National Bank of Egypt (NBE) at 1 ...

Housing & Development Bank (HDB) was established in 1979 with a focus on housing and urban development before transforming into a full-fledged commercial bank with 98 branches and 465 ATMs across ...

The African Development Bank Group has approved a financing package of up to $184.1 million to support the development of the Obelisk 1-gigawatt solar photovoltaic project and a 200 MWh battery energy ...