Has Egypt’s government shut down loan apps?
In a statement to the Middle East News Agency, the source explained that the decision circulating on social media dates back to October 2025, and only involved the cancellation of microfinance licenses for a number of Category C NGOs and institutions.
An informed source at the Financial Regulatory Authority denied social media speculations on Egypt’s government closing the branches of a large number of non-banking financial companies and institutions.
The source emphasized that the names mentioned on those anonymous social media accounts have no connection whatsoever to the previous decision.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
