Taking Financial & Digital Investments To The Next Level!
eFinance Investment Group is Egypt’s leading investment management firm.
From its beginnings as the country’s first fintech platform in 2005, eFinance has grown to pioneerEgypt’s comprehensive digital transformation efforts across an unmatched range of economic sectors.
Today, the Group commands a diversified portfolio of subsidiaries and investments offering a vast array of digital services to partners and customers, driving synergies and anchoring an integrated, platform-based business model.
BN EGP
Revenue FY23 +47% Y-o-Y
+
Years of Success
+BN EGP
Net Income FY23 +61% Y-o-Y
In 2021
eFinance successfully listed its shares on the Egyptian Exchange (EGX), marking a new chapter in the Group's growth story. In what was the largest Egyptian listing in recent history, eFinance's institutional and retail offerings were 6.8 and 61.4 times oversubscribed, respectively, underlining the Group's unique value proposition: eFinance's extensive network of subsidiaries unites a one-of-a-kind network architecture that provides seamless processing for billions of transactions.
I would like to thank eFinance for its leading role in the digital governmental financial network project, the company is a strategic reliable partner for the Ministry of Finance.
Proud of the role of a great state-owned company, eFinance in enhancing the Egyptian economy by working on the development of infrastructure, this effort is demonstrated in a great way in working on the digitalization of all agricultural holdings across the country, which contributes significantly to Egypt’s vision 2030.
The launch of the digital agricultural network is a major event with the development of the agricultural sector, the system data will be a huge benefit- to the ministry through the partnership between the Agricultural Bank and eFinance.
I am thankful to eFinance for the huge and significant efforts done by its huge team in implementing the system of managing government financial information for the Ministry of Finance with high quality and efficiency.
The agricultural holding digitalization project is a vital national project which enables the decision maker to know the details of agricultural holdings and support provided to the farmer, and eFinance has played an active role in achieving this in cooperation with the Ministry of Military Production and the Ministry of Agriculture.
Proud of the successful and outstanding work with eFinance on the most important projects of the Ministry of Social Solidarity; pensions digital transformation and solidarity and dignity and I testify to them with continuous hard work in reaching the best results.
I feel happy and proud of the presence of an Egyptian national company with such a level of efficiency as eFinance, through my work in previous years my confidence in the team of the company increased and I congratulate the company on its continuous success.
I thank the eFinance team for the great efforts in activating the electronic agricultural holding system in cooperation with the team of the Ministry of Agriculture and the Ministry of Military Production.
eFinance has played a major role since the kickoff of the Egyptian census project by evaluating the infrastructure, proposing recommendations, raising its efficiency, and providing continuous technical support which was the main contributor to managing crises and enhancing our business processes.
EFIH.CA
EGP
21.13
2.52%
Open
20.61
close
21.13
Last Trade
2024-12-04 02:29 PM
Market time
high
21.20
low
20.60
Latest News
eFinance Partners with SAFE to Provide Integrated Solutions for Managing Device Services
eFinance, EFIG’s subsidiary & Egypt's leading financial technology company specializing in digital solutions and electronic payment services, signs a Memorandum of Understanding (MoU) with Saudi Arabia’s National Security Services Company (SAFE), a subsidiary of the Public Investment Fund. This partnership marks a strategic step towards enhancing financial technology and security services in the region. The announcement was made during the 28th edition of the Cairo ICT International Technology Conference and Exhibition for the Middle East and Africa, held under the patronage of His Excellency President Abdel Fattah El-Sisi. This collaboration aligns with eFinance’s strategic initiative to support financial institutions in adopting outsourcing solutions for managing ATM services, point-of-sale (POS) devices, and cash deposit machines. Both companies will also explore joint solutions in cloud computing and international money transfer services between Egypt and Saudi Arabia. The MoU was signed by Eng. Hossam El-Goly, eFinance's CEO, and Mr. Turki bin Maatouq Al-Thonayan, CEO of SAFE, in the presence of Mr. Ibrahim Sarhan, Chairman & CEO of eFinance Investment Group.Under this agreement, eFinance will leverage its expertise to provide advanced cloud hosting, operational services, and technical support tailored to financial institutions while SAFE will supply specialized equipment and experts, enabling the development of integrated solutions across ATM, POS, and cash deposit services. The partnership aims to combine SAFE's security-focused innovations with eFinance's technological expertise to develop comprehensive solutions that meet the demands of financial institutions. This cooperation is designed to foster seamless integration of technology and security while supporting the economic visions of both nations—*Saudi Vision 2030* and *Egypt Vision 2030*.
EFIG and Cassava Forge Partnership to Expand Digital Solutions Across Africa
eFinance Investment Group and Cassava Technologies partner to leverage expertise, advancing digital transformation, financial inclusion, and innovative solutions across Africa and the MENA region, starting with Egypt.eFinance Investment Group and Cassava Technologies have signed an agreement to explore and identify opportunities for collaboration and joint expansion across Africa. The signing ceremony took place during the 28th Cairo ICT Exhibition and Conference, held under the auspices of President Abdel Fattah El-Sisi.The plan is to leverage each other’s respective strengths and experience. Cassava Technologies will bring its extensive African footprint, infrastructure, and continental experience, whilst eFinance will bring its strong market presence and reputation as Egypt’s foremost leader in digital transformation.This collaboration aims to introduce innovations to the Egyptian market, drawing on eFinance’s robust presence and trusted reputation and Cassava Technologies’ pan-Africa reach and global partnerships.Cassava Technologies, headquartered in the UK, is a global technology leader of African heritage, with presence across Africa, the Middle East, Latin America and the United States of America. Its portfolio includes fiber broadband networks, satellite communications, data centers, renewable energy solutions, financial technology, digital platforms, artificial intelligence, as well as cloud and cybersecurity services.eFinance Investment Group is a developer of digital payments infrastructures that was established in 2005 to develop the Government of Egypt’s financial network. Over the course of nearly two decades, the Group has penetrated all corners of Egypt’s digital market and transformed itself into a leading technology-focused investment firm. With a dynamic business model and a flexible organizational structure, eFinance is able to focus on multiple target markets through its subsidiaries and maximize its ability to unlock value in the digital payments space. The Group boasts a portfolio of subsidiaries that has enabled eFinance’s growth across multiple markets, unlocked synergies across its business lines, and enabled digital transformation for various strategic sectors throughout the nation to support the development of Egypt’s digital economy and drive towards financial inclusion.Ibrahim Sarhan, Chairman and CEO of eFinance Investment Group, expressed his pride in partnering with Cassava Technologies, a global leader renowned for its extensive technological solutions and infrastructure across Africa. He emphasized that this collaboration represents a significant milestone in offering a unique range of joint services across the African continent, with a particular focus on the Egyptian market, where eFinance continues to lead the digital enablement for financial access across various industries and sectors.“eFinance has a track record of success in driving digital transformation in Egypt which is truly commendable. This collaboration between Cassava Technologies and eFinance Group will accelerate the adoption of digital solutions in Egypt and the MENA region. eFinance’s experience across key sectors in Egypt make them an ideal partner for us as we expand our presence in Egypt and the region. This partnership further enhances our ability to deliver on our vision of a digitally connected future that leaves no African behind.”– Hardy Pemhiwa, President & Group CEO, Cassava Technologies
“Khadamat Misr” Opens its Mokattam branch to Enhance Access to Government Services
Egypt’s “Khadamat Misr” (Egypt’s Services Centre) opens its Mokattam branch in Cairo, offering citizens access to over 150 government services in a centralized location. The inauguration ceremony was attended by Egypt’s Ministers of Planning, Economic Development and International Cooperation, Local Development and Justice, along with the Governor of Cairo. “Khadamat Misr” is part of a government initiative designed to improve citizens' experiences with public services through digital transformation. The Mokattam center is the fourth of its kind in Egypt, following centers in Alexandria, Aswan, and South Sinai.H.E Dr. Rania A. Al-Mashat, Egypt’s Minister of Planning, Economic Development and International Cooperation, emphasized that the Mokattam branch is the first in Greater Cairo and aims to implement digital transformation to meet citizens’ needs, enhance financial inclusion, and improve electronic payment methods.The center provides a range of services, including documentation, real estate registration, issuing computerized certificates, renewing national ID cards, individual and family registration, criminal records, traffic services, civil status, passports, public prosecution services, commercial registry services, and social insurance. It also offers electronic payment services and a dedicated space for people with special needs.H.E Dr. Manal Awad, Minister of Local Development, highlighted the Mokattam center as a significant step in administrative reform, ensuring efficient and responsive government services. She noted that the project would expand to more governorates in the coming years.Operated by eFinance, the center aims to add over 200 services across 14 centers nationwide in the future.Since its soft launch, the Mokattam center has processed over 400,000 transactions with an average service delivery time of just seven minutes. Citizens can track services and get updates via the “Khadamat Misr” website and dedicated hotline.