Egypt’s largest bank takes stake in fintech unicorn MNT-Halan, lifting valuation to $1.4 billion

Egypt’s largest bank has taken an ownership stake in fintech unicorn MNT-Halan, marking a significant shift in the relationship between traditional lenders and digital financial platforms as competition intensifies for Africa’s fast-growing consumer credit market. Al Ahly Capital, the investment arm of the National Bank of Egypt (NBE), led the…