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Middle EastEgypt
First report 2h ago•Last update 1h ago

Egypt's Ministry of Youth and Sports partners with FRA to support fintech startups

The Egyptian Ministry of Youth and Sports has partnered with the Financial Regulatory Authority (FRA) to support fintech startups, utilizing the FRA-Sandbox for testing and development.

Background

Egypt has been actively pursuing economic diversification and digital transformation initiatives. The government aims to foster innovation and support emerging industries, including the financial technology sector, to drive growth and create new opportunities.

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