Egypt’s MNT-Halan is considering expanding to three new countries after raising $120m from investors in September. The fintech company hopes to enter at least one new country in the first quarter of 2022 under a plan which will need a presence on the ground, CEO Mounir Nakhla says in Cairo. He declined to name the countries being considered. MNT-Halan claims to be Egypt’s largest lender to the unbanked. It has about 1 million monthly active users and has disbursed $1.7bn in loans to date. In September, the company completed the raising of about $120m from investors including Apis Growth Fund II, Development Partners International, and Lorax Capital Partners.SOURCE: THE AFRICA REPORT
More Stories
Lebo M on 25 Years of The Lion King on Broadway
Mountain House Makes the Most of Its Spectacular Site
A Tribute to Black Artists Could Signal a Change for Museums
7 Young African Women Dominating the Turntables
Meet the Founders of Kitchens of Africa
Seychelles Shines Again at the World Travel Awards
Planning to Honeymoon in the African Bush?
For the Ultimate Trip, these are the Best Hotels in Marrakech
Ghana is also a Great Destination for Keen Walkers
17 Regional Countries have Increased their Travel and Tourism Development Index
What are the Benefits and Costs of Scaling-up the Commercial Production of Bioenergy in Africa?
Faculty of Harvard University and Africa.com Offer Online Course for Entrepreneurs in Food Systems