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kaoutarchennoufi

Covid-19 | Kiva - 0 views

www.kiva.org/...covid-19

Covid19 Businesses FinancialHelp Dreams

shared by kaoutarchennoufi on 12 Feb 21 - No Cached
  • People across the world are economically impacted by the COVID-19 Coronavirus pandemic. Funding these loans will provide a financial safety net during an uncertain time, in addition to leading borrowers on a path to recovery.
    • kaoutarchennoufi
      kaoutarchennoufi on 12 Feb 21
       
      The Covid19 has financially impacted people and Kiva took this fact into consideration and tried to help people overcome their financial difficulties in many ways. When I read the different donations during Covid19, I found that Kiva has financed many small businesses and made some dream come true even in a global pandemic where people were hopeless. This is such a human act!
kenza_abdelhaq

Egyptian fintech in 2020: A tale of crosswinds and tailwinds [Part One] - Wamda - 0 views

www.wamda.com/...2020-tale-crosswinds-tailwinds

Fawry Egypt Context Global Economic

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Fortunately, Egypt’s first Covid wave was milder than those in other countries. The country managed to get by without going into full lockdown and the country is now one of the few in the world with a positive gross domestic product (GDP) growth outlook for 2020. Despite the mild top-line hit, most startups still felt the impact of Covid-19, with a whopping 83.9 per cent indicating, in May, that they had been negatively impacted by the crisis. The same survey highlighted that 29 per cent of Egyptian startups had suspended operations – an alarming proportion that would have increased with the recent resurgence of the virus. It remains to be seen what the full impact of the second wave is.  
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Egypt managed to have a positive GDP growth in 2020 even though the pandemic impacted negatively more than 80% of the startups.
  • If we look back on 2020, the largest funding rounds for Egyptian startups were not in fintech but healthcare and transport, with Vezeeta raising more than $40 million and Swvl more than $20 million. Yet, fintech still managed to make headlines on several occasions, including new regulations, high profile investment rounds and exciting launches. It was an eventful and exhilarating year for the fintech ecosystem in Egypt.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Even though more importance was given to healthcare and transport with regard to the largest funding rounds, fintech was still getting a lot of attention (making headlines, new regulations, etc).
  • Fawry’s success story has undoubtedly encouraged investments in other e-payments venture that will help dynamise this space in coming years. The industry is still massively underpenetrated as cash remains king but will remain as one of the more active areas within fintech in coming years.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry being the leader of digital payments in Egypt definitely helped encourage investments in this field/industry.
  • kenza_abdelhaq on 13 Feb 21
     
    "Fortunately, Egypt's first Covid wave was milder than those in other countries. The country managed to get by without going into full lockdown and the country is now one of the few in the world with a positive gross domestic product (GDP) growth outlook for 2020. Despite the mild top-line hit, most startups still felt the impact of Covid-19, with a whopping 83.9 per cent indicating, in May, that they had been negatively impacted by the crisis. The same survey highlighted that 29 per cent of Egyptian startups had suspended operations - an alarming proportion that would have increased with the recent resurgence of the virus. It remains to be seen what the full impact of the second wave is.  "
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