Launched in early 2020, Appetito operates through a dark stores model, where products are sourced from manufacturers, and stored in mini fulfilment centers
Funding will be provided through the Ministry’s Local Development Fund, Shaarawy added
This move supports Central Bank of Egypt’s (CBE) recent initiative launched to accelerate local businesses’ transition to digital payments
Suez Canal Bank (SCB) is looking to achieve target rate of 25 percent of their financing portfolio by preparing a plan for SMEs
“Strengthening the entrepreneurship ecosystem to support these efforts is a strategic priority for IFC in Egypt,” said Walid Labadi, IFC’s country manager for Egypt
