The Financial Regulatory Authority (FRA) has announced the renewal of the registration of eKhales, a subsidiary of EFIG, in the register of companies authorized to electronically collect insurance policy premiums.The decision, issued by Dr. Mohamed Farid, Chairman of the FRA, under Decision No. 9 of 2025, extends the company’s registration for three years starting from October 31, 2024, under No. (5) in the register of companies specializing in electronic collection.This renewal underscores the pivotal role played by eKhales in supporting the digital transformation of the insurance sector, reaffirming the FRA’s commitment to enhancing electronic services in the non-banking financial market.It is worth noting that the strategic objectives of eKhales aim to digitize non-banking financial services, contribute to achieving Egypt's Vision 2030 in establishing a comprehensive digital transformation and financial inclusion ecosystem, and leverage the company's advanced infrastructure and accumulated expertise to serve all segments of the Egyptian market. 

eNovate, a subsidiary of eFinance Investment Group and Egypt’s leading card manufacturing and personalization services provider announced a strategic partnership with NymCard, the leading payments infrastructure provider in the MENA region. This partnership aims to complement NymCard's comprehensive payment solutions by integrating eNovate's advanced card production and personalization capabilities.The partnership is considered a step forward towards NymCard comprehensive financial solutions offered to their clients, covering card issuance and processing, alongside card production and personalization services offered by eNovate. This integrated approach streamlines the payment card lifecycle for NymCard partners across the region.“Our collaboration with eNovate creates a one-stop solution that addresses all of our partners’ payment needs,” said Omar El Moataz, NymCard Country Manager. “This partnership reinforces our commitment to providing comprehensive payment solutions while simplifying the operational complexity for our clients.”Ms. Nashwa, CEO of eNovate, added, “We are proud to partner with NymCard to complement our payment card services in the region. This collaboration reflects our commitment to delivering state-of-the-art card production and personalization solutions, ensuring high-quality services for our partners and their customers. Together, we aim to deliver an exceptional payment experience that meets the growing market demands.”eNovate brings its extensive experience in digitizing payment systems for major national projects, including the Takaful and Karama program, the Farmer's Card system, the management of Egyptian pension cards, and various other initiatives in both the public and private sectors.This partnership combines NymCard's advanced payment infrastructure with eNovate’s state-of-the-art card manufacturing, personalization and value-added payment solutions providing partners with a unified solution for their payment card programs.

eFinance has signed a memorandum of understanding with global tech leader Dell Technologies to launch an AI-ready cloud platform in Egypt, aimed at accelerating AI-driven innovation for businesses across the country.The agreement was signed during the 28th edition of Cairo ICT 2024, held under the patronage of President Abdel Fattah El-Sisi, at the Egypt International Exhibition Center, with the support of Dr. Amr Talaat, Minister of Communications and Information Technology.The partnership was formalized by Mr. Ibrahim Sarhan, Chairman and CEO of eFinance Investment Group, and Mohammed Amin, Senior Vice President for Central Eastern Europe, Middle East, Turkey, and Africa (CEEMETA) at Dell Technologies.This groundbreaking collaboration aims to redefine the cloud computing landscape by offering businesses advanced solutions specifically designed to manage high-performance AI workloads. "The launch of this platform marks a new chapter in cloud computing in Egypt," said Mr. Ibrahim Sarhan. "We are empowering companies to harness the transformative potential of artificial intelligence to drive efficiency and innovation."Mohammed Amin highlighted the platform's scalability, seamless integration, and exceptional performance. "Together with eFinance, we are setting a new benchmark for intelligent cloud computing in the region, helping organizations unlock the full potential of AI for growth and innovation," he added.This collaboration positions Egypt as a hub for advanced AI and cloud technologies, supporting the nation’s digital transformation goals.