... transaction. Over in fintech, MNT-Halan pulled in USD 157.5 mn from private investors. In financial services, B Investments snagged a 70% stake in Orascom Financial Holding for just under USD 50 mn. The report also took note of the central bank’s IPO of United Bank last year as part of the government’s privatization program.There have been serious efforts to make Egypt’s regulato...
Tasaheel closes EGP 2.5 bn bond issuance: MNT-Halan microfinance subsidiary Tasaheel closed a EGP 2.5 bn corporate bond issuance — Egypt’s largest to date — the company said in a press release (pdf). The issuance came in two tranches with tenors of 12 and 36 months and received a BBB+ investment-grade rating from Middle East Ratings and Investors Service (MERIS). (Tap or click the hea...
... decade in big local names including MNT-Halan and Kazyon.FINANCE-The Industry Ministry launched the first phase of a new EGP 30 bn financing initiative offering reduced 15% interest rates to seven priority industrial sectors. The initiative will target pharma, food, engineering, chemicals, textiles, mining, and building materials private sector projects and cover machinery, equipm...
MNT-Halan was named the most innovative fintech company in Africa for a second consecutive year in 2025 by Global Finance, the New York-based financial magazine said in a statement. The company received the same title in Global Finance’s list for 2024.PLUS- Nahdet Misr’s CEO Dalia Ibrahim received the 2025 PublisHer Excellence Award in the lifetime achievement category for her contrib...
... decade in big local names including MNT-Halan and Kazyon. In choosing to up its exposure to Egypt, DPI is signalling that it thinks it can make money here in the years to come. Venture capital investors typically hold investments for a longer period than do PE firms, leaving DPI Venture Capital more exposed to any potential swings in the domestic economy. DPI could have gone anywh...
... to be announced soon.FINTECH-MNT-Halan receives regulatory green light to implement e-KYC: Local fintech playerMNT-Halan secured approval from the Financial Regulatory Authority to add electronic Know Your Customer (e-KYC) to its services and allowing for a “fully digital onboarding experience,” according to a company statement (pdf). The move will allow users to ope...
... the list this year: Fawry at #2;MNT-Halan at #7;Thndr at #8;Valu at #10;Aman Holding at #15;MDP at #19;Paysky at #27;Paymob at #30;Sahl at #38;Contact Financial Holding at #43;Khazna at #45;Klivrr at #46.(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)PLUS- Three Egyptian asset managers also landed on Forbes ...
... digital platforms — such as Valu, MNT-Halan, Thndr, Menthum, Fawry, and Belbaqy, among others.Blockchain is the next frontier for investment management, both globally and locally. After years of setting up a fintech ecosystem in the local market, Azimut is gearing up to move all its investment activities to blockchain-based infrastructure.As CEO of Azimut Egypt, I set the company’...
Azimut, MNT-Halan are setting up a real estate investment fund: Asset manager Azimut and fintech player MNT-Halan are awaiting the green light from the Financial Regulatory Authority to launch their real estate investment fund, with an initial capital of EGP 250 mn, Azimut Managing Director Ahmed Abou El Saad told EnterpriseAM. Abou El Saad expects the fund to go live in ...
... private sector at Davos today is MNT-Halan CEO Mounir Nakhla, who will take part in a panel discussion on how new technologies are changing the way we trade and invest in the sector in a session entitled Hacking Trade and Investment at 12:30 Cairo local time. A little later in the day at 2pm Cairo local time, Planning and International Cooperation Minister Rania Al Mashat will spe...
... funding rounds during the year. MNT-Halan closed Egypt, Africa, and MENA’s largest round during the period with its USD 157.5 mn round announced in July.Zooming out: African startups raised a total of USD 1.1 bn during the year, marking a 44% y-o-y drop in funding. Startups across the continent closed 294 funding rounds in 2024, a 39% y-o-y dip. The total number of investors in th...
FINTECH- MNT-Halan enters the UAE market with Halan Advance launch: Egyptian fintech leader MNT-Halan has expanded into the UAE with the rollout of its early salary access service, Halan Advance, targeting the Emirates’ over 3.7 mn underbanked expatriate community, the fintech unicorn said in a statement (pdf). MNT-Halan has a target of building its customer ...
... a number of firms like Fawry, MNT-Halan, Dopay, Paysky, Paymob, OPay, Valu, Thndr, Contact Financial, Aman Holding, Masria Digital Payments, Money Fellows, and many others operating in and adjacent to the digital payments space.There’s even more in the pipeline on the digital payments front, too: Visa is working with the Central Bank of Egypt on operational trials for payment car...
In the latest edition of Visa’s podcast, “Access Tomorrow”, Mounir Nakhla, CEO of MNT Halan, joined by Leila Serhan, Visa’s Senior Vice President and Group Country Manager, North Africa, Levant, and Pakistan, to weigh in on how his fintech platform is fueling financial inclusion in Egypt and expanding through physical locations. After pivoting from ride-hailing, MNT Halan has built advanced bankin...
... sustainability bond issuance: MNT-Halan microfinance subsidiary Tasaheel Finance has issued EGP 3.92 bn worth of securitized sustainability bonds, its third issuance in a three-year EGP 13 bn program and Egypt’s largest non-sovereign securitization bond issuance to date, the transactions’ financial advisor CI Capital said in a statement (pdf). The issuance came in six tranches wi...
... between January and September — MNT-Halan closed Egypt, Africa, and MENA’s largest round during the period with its USD 157.5 mn round announced in July. Local startups closed 56 funding rounds during the first nine months of the year, the most of any African nation and capturing 28% of the region’s transaction count. Driving the growth: We saw a 45% y-o-y seed and series A transa...
... Hassouna’s comments about leasing to MNT-Halan CEO Mounir Nakhla. The story has been amended on our website.THE BIG STORY ABROAD- Iran fired some 200 missiles at Israel last night in a massive escalation of regional violence, with the Israeli army saying it has intercepted most missiles and reporting one dead in the West Bank. Israeli Prime Minister Benjamin Netanyahu said the a...
... Director and Partner Michal Panowicz, MNT-Halan founder and CEO Mounir Nakhla, and Valu CEO Walid Hassouna at the EnterpriseAM Finance Forum.Construction work on the Ras El Hekma project will officially kick off on Friday: Emirati sovereign wealth fund ADQ will lay the foundation stone for its USD multi-bn Ras El Hekma project on Friday. Another big-ticket data center in the works...
... Director and Partner Michal Panowicz, MNT-Halan founder and CEO Mounir Nakhla, and Valu CEO Walid Hassouna — to discuss how players in the sector and Egyptian consumers are handling inflation and whether banks and non-banking financial institutions (NBFIs) are developing sustainable business models.Setting the stage: This year has been a rather eventful one — from the 200 bps inte...
... listing them on the EGX. M&A WATCH-MNT-Halan enters the Turkish market: Fintech leaderMNT-Halan has fully acquired Turkish commercial finance company Tam Finans from Actera Group. The company did not disclose the terms of the transaction, which will seeMNT-Halan take over Tam Finans’ USD 300 mn loan book.MANUFACTURINGEl Araby to partner with Sharp on frid...
MNT-Halan wants to go global: Fintech leaderMNT-Halan wants to expand its footprint across the globe to become a global player. It has an expansion plan that will see it acquire entities across a number of markets, including Saudi Arabia, as well as east Africa and South Africa, founder and CEO Mounir Nakhla said during an event that Enterprise attended. (Tap or click the...
... (-2.0%).CORPORATE ACTIONS- GB Corp’s stake in MNT-Halan to fall to 42.6% from its current 49.5%, after the fintech leader raised USD 157.7 mn from international investors and fully acquired Turkish commercial finance company Tam Finans, GB Corp announced in an EGX disclosure (pdf).
... than 25% by the end of the year.MNT-Halan enters the Turkish market: Fintech leaderMNT-Halan has fully acquired Turkish commercial finance company Tam Finans from Actera Group.*** It’s Inside Industry day — your weekly briefing of all things industrial in Egypt. Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhou...
MNT-Halan enters the Turkish market: Fintech leaderMNT-Halan has fully acquired Turkish commercial finance company Tam Finans from Actera Group, according to a press release (pdf). The company did not disclose the terms of the transaction.The upside: Tam Finans’ over USD 300 mn loan book providesMNT-Halan with a significant foothold in a market with 85 mn con...
... stories from today’s EnterpriseAM:MNT-Halan raises funds for international expansion: Fintech leaderMNT-Halan has raised USD 157.7 mn in a funding round that will contribute to the company’s international expansion plans.Dopay raises USD 13.5 mn: Local fintech startup Dopay has closed a USD 13.5 mn series A extension round led by the New York-based emerging markets in...