TSFE, Etisalat Egypt launch “Erada Microfinance” ...Egypt

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TSFE, Etisalat Egypt launch “Erada Microfinance”
The Sovereign Fund of Egypt (TSFE) and Etisalat Egypt have partnered together to launch a new fintech company, “Erada Microfinance”, with the aim of enabling micro and small enterprises to access a wide range of financial services. Planning Minister Hala al-Saeid, who also doubles as chairperson of TSFE, said on Monday that the establishment of “Erada Microfinance” is in line with government directives to facilitate access of small and micro enterprises to financing and to create additional job opportunities for youth. Indeed, fintech enables businesses with strong financing facilities to support Egypt’s national agenda of digital transformation and financial inclusion across all vital econo

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