Egypt’s Central Bank: Announces an EGP 1 Bil Fintech Fund

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Egypt’s Central Bank: Announces an EGP 1 Bil Fintech Fund

Egypt’s Central Bank: Announces an EGP 1 Bil Fintech Fund to finance Egypt’s fintech startups

  • The announcement made by Deputy Governor of the CBE at the Arab African Forum in Aswan
  • The fund, set up with the Egyptian government, with the goal of establishing the country as a fintech hub
  • The CBE launching an Innovative Financial Technology Applications Lab, which will serve as a regulatory sandbox for new applications
  • Launches cybersecurity centre for banking sector later in 2019