Egypt Archives – CEO East Africa

Kareem Ghaly Appointed Head of MENA at Alta Semper Capital LLP in Cairo, Egypt

Brian EmorutBanking & Financial Services Company News Global NewsJanuary 20, 2025January 20, 2025

Kareem Ghaly has been appointed as the Head of the Middle East and North Africa (MENA) region at Alta Semper Capital LLP, with operations based in Cairo, Egypt. Bringing with him over 14 years of substantial experience in investment and advisory services, Kareem has a proven track record of successfully executing transactions exceeding US$ 7bn in both Egypt and the bigger MENA region. Before joining Alta Semper, Kareem worked at the British International Investment (BII), the United Kingdom’s development finance arm. During his tenure at BII, he established a huge on-ground presence in Egypt, driving activity across multiple sectors and…

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Pan-African Payment and Settlement System (PAPSS) takes root in 115 African commercial banks

Paul MurungiBanking & Financial Services News & AnalysisMay 17, 2024May 17, 2024

Mr. Mike Ogbalu III, Chief Executive Officer of the Pan African Payment and Settlement System has revealed that the payment system is making rapid progress and is fully operational in thirteen African Central Banks, and is connected to over 115 commercial banks, including ten payment switches across Africa. Another 115 commercial banks are in the pipeline for connection. “The time has come for action and acceleration. It is time to use the system to drive trade in Africa, for Africans, by Africans. We urge all banks to join us in our collective effort to promote intra-African trade and development through…

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