Cairo – Mubasher: The Central Bank of Egypt (CBE) is considering the launch of a fund to bolster and finance innovative ideas in the Egyptian market with capital worth EGP 1 billion, CBE’s governor Tarek Amer said.
This came on the sidelines of Seamless North Africa 2018 conference held in Egypt between 6 and 7 February 2018.
The CBE has seriously dealt with Egypt’s economic reforms by facing risks and making crucial reform decisions, Amer highlighted, stressing that the current economic indicators are more positive.
The Egyptian banking sector has been strong in terms of liquidity ratios, base capital, and ability to finance projects, he indicated.
