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Banks
URGENT: Egypt’s central bank cancels restrictions on FX credit cards
Egypt's central bank told commercial banks on Wednesday to cancel restrictions imposed late last year on the use of…
CBE offers EGP 100b corridor rate deposits
The Central Bank of Egypt (CBE) announced on Wednesday the offering of corridor rate deposits for a term of 42 days…
Poland likely to leave rate untouched
Poland's declining inflation isn't likely to prompt central bank Governor Adam Glapinski to resume interest rate…
Egypt’s NBE issues 3-yr CD with up to 30% yield
The National Bank of Egypt (NBE) has issued on Wednesday new three-year certificate of deposit (CD) with a…
Egypt’s currency FX rate hits 46.45 against dollar
Egypt's pound currency weakened on Wednesday to a new low of 46.45 Egyptian pounds against the US dollar, according…
URGENT: Egypt’s central bank provides funds necessary for maintaining FX liquidity
In an extraordinary meeting on Wednesday, the Central Bank of Egypt’s the Monetary Policy Committee (MPC) decided…
URGENT: Egypt’s central bank raises interest rates by 6%
Egypt's central bank on Wednesday raised interest rate by 6%.
JPMorgan chooses France’s CB over Visa, Mastercard
JPMorgan Chase & Co. announced on Tuesday its partnership with France’s primary payment network, Cartes…
Kenya’s private sector activity rebounds in Feb
Kenya's private sector activity rebounded in February, marking its first expansion since August supported by easing…
Egypt’s AlexBank, Mastercard team up to boost services
Mastercard has partnered with Egypt’s AlexBank, a member of the Intesa Sanpaolo Group, to support growth, digital…
