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The Financial Regulatory Authority issued Decision No. 70 of 2026 to regulate takaful insurance activities. The framework aims to revitalise the market in line with the Unified Insurance Law.

Raportoinut AI

Banque Misr has signed an eight-year financing agreement worth EGP 300 million and $6.5 million with Andalusia Hospital Maadi. The funds will support construction and medical expansions at the facility. The project aims to add 70 new beds to meet rising demand for specialised care.

Egypt's Financial Regulatory Authority and 48 consumer finance companies have expanded a unified database aimed at detecting fraud and curbing cash monetisation. Officials say the move will help reduce losses and build trust in the sector. The effort includes collaboration with other financial federations.

Raportoinut AI

Fuliza loans from Safaricom have exceeded one trillion shillings for the first time in the year ending March 2026.

 

 

 

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