Fawry, Egypt’s leading fintech company, has signed a mutual collaboration agreement with Ottu, a Middle Eastern Online Payment Management System provider, marking Ottu’s first partnership in Egypt

BIDDEX, the first fully integrated digital platform for buying, selling, and trading cars in Egypt, will be launched within the coming days in the market.

Bank NXT, a provider of integrated banking solutions in Egypt, has announced a partnership with Mindgate Solutions, a global leader in payment technology and transaction processing.

Azimut Egypt has obtained a license from the Financial Regulatory Authority (FRA) to launch its digital platform for investment funds and portfolios.

The Ministry of Supply and Internal Trade, through the Internal Trade Development Authority (ITDA), has launched an electronic portal aimed at facilitating the updating of commercial register data for companies and economic entities, as per a statement.

Egypt has taken a significant step towards boosting its business environment with the launch of a new e-platform for establishing companies. This digital initiative, spearheaded by the General Authority for Investment and Free Zones (GAFI), aims to simplify procedures and attract both local and foreign investors. This innovative initiative ushers in a new era of efficiency, transparency, and accessibility for entrepreneurs and investors. Despite cybersecurity concerns, the platform is poised to catalyze economic growth by enticing foreign investment, boosting entrepreneurship, and simplifying the process of doing business in Egypt.

The General Authority for the Suez Canal Economic Zone (SCZone) has launched the digital platform E-tabadul to achieve industrial networking among the zone’s partners.

CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said that the platform allows investors to submit applications for obtaining the golden license and track the status of those applications.

The International Monetary Fund (IMF) is developing a platform for central bank digital currencies (CDBCs) to enable international transactions.

Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed a cooperation agreement with the digital services provider eAswaaq Misr to manage, operate, and promote the agency’s first digital platform.