Egypt Post could be about to get into the microfinance game
Saturday, 01 11 2020, Category: Economy, Country: Egypt
Egypt Post could be about to get into the microfinance game: The ICT Ministry is planning to introduce microfinance services through Egypt’s postal offices, minister Amr Talaat said, according to Al Mal. No further details were provided on the timing or specifics of the system. The number of microfinance borrowers in Egypt, who will benefit from the mechanism, is in the range of 2.7 mn, Financial Regulatory Authority head Mohamed Omran said earlier this month, according to a separate report by Ahram.