National Bank of Egypt (NBE), Banque Misr, and Banque du Caire (BDC) (BQDC) are set to launch Egypt’s first fintech fund with a capital of over EGP 1.3 billion, Happi Journal reported, citing Rasha Negm, Assistant Sub-Governor Information Technology at the Central Bank of Egypt (CBE).

Egypt's annual headline inflation rate rose to 8% in January 2022, compared to 4.8% in the same month of 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced in a press release on Thursday.

Swvl Holdings Corp, an Egyptian ride-hailing startup based in Dubai, is getting ready to list 35% of its shares on the Nasdaq Stock Market after merging with Queen's Gambit Growth Capital in February or March, Al Mal Newspaper reported, citing swvl’s Chief Financial Officer (CFO) Youssef Salem.

The Central Bank of Egypt (CBE) is likely to leave interest rates on hold when it meets this Thursday despite forecasts for rising inflation at home and higher interest rates abroad.