Finance

Egypt: MNT-Halan acquires e-retailer Talabeyah

Egypt: MNT-Halan acquires e-retailer Talabeyah
Thursday, 23 June 2022 16:34

Nine months after raising US$120 million to strengthen its operations in Egypt, microfinance and digital payments solutions provider MNT-Halan is acquiring an online consumer goods company.

Egyptian fintech MNT-Halan announced Wednesday (June 22), the acquisition of Talabeyah, a shopping platform that offers access to a wide range of consumer goods.  

The terms of the transaction were not disclosed but, the addition of e-retailer Talabeyah to MNT-Halan's merchant network is expected to enhance the company's reach and scope in its domestic market.

“The acquisition of Talabeyah is another step in our strategy of building a comprehensive digital ecosystem and is a perfect fit for our two companies. Talabeyah has developed an elaborate online catalog, signed contracts with the largest FMCG suppliers, and demonstrated solid execution of its operations,” said MNT-Halan CEO Mounir Nakhla. 

I am excited to partner with [Talabeyah] to continue to extend our product offering to Egyptian retailers and further grow our loan book and margins,”  he added. 

The acquisition comes nine months after MNT-Halan raised US$120 million to expand its operations and strengthen its presence in the Egyptian market. With approximately 1 million monthly active users, MNT-Halan (founded in 2018) serves over 4 million customers in Egypt. 

Chamberline MOKO

On the same topic
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector could grow to $20 bln annually and create 20 mln...
• BRICS plans a guarantee fund to reduce political and financial risks in developing countries.• The fund will be managed by the New Development Bank...
BEAC granted Afreximbank the first-ever foreign access to the CEMAC public securities market. Cameroon raised $359.3 million via a...
(EBID) - The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) held its 92nd Ordinary Session on June 30, 2025. The Board...
Most Read
01

• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...

Coffee: Global Consumption Expected to Reach Record Level in 2025/2026
02

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
03

• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina F...

BOAD Grants CFA10 Billion to Revive Boungou and Wahgnion Gold Mines in Burkina Faso
04

Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...

Côte d’Ivoire’s Fuel Price Cuts Haven’t Slashed Transport Costs–Yet
05

• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...

Burkina Faso: Vista Group Acquires Controlling Stake in Société Générale
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.