The Africa Banking Brief

Stories · Wednesday 28 October1 story

Egypt

FRA requires I-Score checks for consumer finance lenders from 2027

From April 2027, consumer finance companies must consult a score from the I-Score private credit bureau before approving financing, under a new Financial Regulatory Authority rule. The rule supports greater machine-driven decisions in lending, drawing on alternative data.

Regulation · announcedenterpriseam.com

Stories · Monday 26 October1 story

Egypt

Banque du Caire prices IPO at top of range at E£5.3 a share

Cabinet approved the sale of 30% to 45% of Banque du Caire on the Egyptian Exchange, and the regulator approved a larger offering share. The bank priced its IPO at the top of the range at E£5.3 a share after institutional orders of EGP 205.8bn in the private tranche.

Financing · announcedenterpriseam.com · alborsaanews.com +5 more

Stories · Sunday 25 October1 story

Egypt

Fawry Consumer Finance gets preliminary FRA nod to add factoring

Fawry's subsidiary Fawry Consumer Finance received preliminary FRA approval to add factoring to its activities. It plans to offer invoice financing to MSMEs once it gets the final licence.

Regulation · announcedalborsaanews.com

Stories · Saturday 24 October2 stories

Egypt

CBE and FRA stress tests show Egyptian banks resilient to shocks

The Central Bank of Egypt and the Financial Regulatory Authority said stress tests on the ten largest banks, about 80% of sector assets, showed low to moderate capital and liquidity risk. The tests cover macroeconomic and climate scenarios and are continuously updated.

AnalysisDaily News Egypt · wansom.ai

Egypt

MIDBANK gets FRA approval to launch SME digital finance firm

MIDBANK has received FRA approval to set up a digital finance company focused on small and medium enterprises. The approval is for establishment, so the company still needs to be set up and licensed.

Regulation · announcedegyptian-bankers.com · Daily News Egypt +2 more

Stories · Sunday 18 October1 story

Egypt

Banque du Caire raises IPO stake to 45% amid strong demand

The Financial Regulatory Authority approved raising the Banque du Caire IPO sale from 30% to 45% of capital, lifting the offer to about EGP 36.4 billion. Foreign cornerstone investors including EBRD and IFC committed up to USD 256 million, and the public tranche was reported at nearly double its allotment.

Financing · in progressafricancapitalmarketsnews.com · enterpriseam.com +20 more