August 28, 2025
North Africa: Egypt's Central Bank Cuts Interest Rates By 2 Percent
The Central Bank of Egypt (CBE) announced a 200 basis point cut in interest rates during its Monetary Policy Committee meeting on Thursday 28/8/2025. Read more »
August 17, 2025
North Africa: Egypt's 1st Fully Digital Bank, Onebank, Secures CBE Approval
Misr Digital Innovation (MDI) has received official approval from the Central Bank of Egypt (CBE) to transform into OneBank, the country's first fully digital bank, offering all… Read more »
Egypt: Dollar Falls to Le 48.36 As Pound Strengthens, Reserves Up 5.4 Percent to $49b
The US dollar's selling rate against the Egyptian pound fell by 4.9 percent, reaching LE 48.36 on August 14, 2025, compared to LE 50.84 on January 2, 2025. Read more »
July 29, 2025
Nigeria: Egypt, Nigeria Central Bank Chiefs Discuss Closer Cooperation
Central Bank of Egypt (CBE) Governor Hassan Abdalla met on Tuesday with his Nigerian counterpart Olayemi Cardoso to discuss expanding bilateral cooperation in banking and financial… Read more »
July 07, 2025
Egypt: Net Foreign Assets of Banking Sector Increased By Approximately $1.2 Bn, Reaching $14.7 Bn in May 2025
The net foreign assets of the banking sector (the central bank and commercial banks) rose by about $1.2 billion to $14.7 billion in May 2025, compared to $13.6 billion in the… Read more »
