Egypt: First License for Financial Leasing for Small Business Approved

Egypt: First License for Financial Leasing for Small Business Approved News developments

Egypt: First License for Financial Leasing for Small Business Approved

Youm7, 15 August 2021: Egypt’s Financial Supervisory Authority has announced it has issued the first license to a company providing financial leasing services to small businesses.

The approval has been issued as part of the implementation of Egypt Law No. 176/2018.

The Authority said it will boost financial inclusion in the Egyptian market and open new opportunities for small businesses to extend their operations.

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Marlé Van Sandwyk