Egypt and Tunisia agree to boost non-banking finance cooperation
The article discusses the cooperation between Egypt and Tunisia in the field of non-banking finance. Dr. Islam Azam, Chairman of the Egyptian Financial Supervisory Authority, welcomed Mahmoud Al-Muntasir Mansour, General Manager of the Small Finance Supervisory Authority in Tunisia, with the aim of exchanging expertise and developing regulatory frameworks for this sector. Both parties emphasized the importance of non-banking finance in promoting financial inclusion and sustainable economic development. Egypt is among the countries that have experienced significant growth in financing portfolios, which exceeded 101 billion Egyptian pounds in the second quarter of 2026, serving around 3.5 million citizens through 4,400 outlets. During the meeting, they reviewed each country's experiences in digital transformation, developing financial tools, and regulating business activities. Additionally, they discussed efforts to reduce risks and improve the quality of micro and very small microfinance services to enhance access to finance for the most needy segments and to achieve Egypt’s Vision 2030 goals of economic and social empowerment.
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