Egypt, Tunisia discuss cooperation in Non-Banking Microfinance Regulation
Egypt’s Financial Regulatory Authority (FRA) is keen on strengthening cooperation with Arab and African countries prioritizing the exchange of expertise and knowledge-sharing, FRA Chairman Islam Azzam said. FRA chairman made the remarks during a meeting with Mahmoud Montasser Mansour executive director-general and founder of Tunisia’s Microfinance Control Authority and his accompanying delegation…
Egypt and Tunisia are discussing cooperation in the regulation of non-banking microfinance, with the aim of exchanging expertise and knowledge-sharing. Egypt’s Financial Regulatory Authority (FRA) Chairman Islam Azzam welcomed the Tunisian delegation, led by Microfinance Control Authority Executive Director-General Mahmoud Montasser Mansour, to Egypt.
The meeting aimed to gain insight into Egypt’s legislative and regulatory frameworks governing financing for medium, small, and micro enterprises. Azzam emphasized the importance of non-banking finance for enterprises, as it supports financial inclusion, benefits around 3.5 million people, and contributes to sustainable economic and social development.
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