Digital Payments
CIB launches co-branded credit card with Talabat and Mastercard
The Commercial International Bank (CIB) Egypt, the country's largest private-sector bank, has announced a strategic partnership with Talabat, the leading e-commerce platform in the Middle East and North Africa, and Mastercard to launch a co-branded credit card for Egypt's digital generation. The initiative supports Egypt's digital transformation and financial inclusion under Vision 2030. The card offers up to EGP 1,200 monthly cashback on the Talabat app, plus a welcome bonus of up to EGP 2,000.
Tax evasion persists in Addis Ababa eateries via personal digital transfers
In Addis Ababa's popular restaurants and shops, businesses often direct customers to pay via personal mobile accounts, evading taxes and leaving no official record. This practice, highlighted in a recent analysis, undermines government revenue and burdens compliant taxpayers. Authorities face calls for stricter enforcement and simplified compliance measures.