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Prime Minister Honors eFinance as part of the National Initiative for Green Smart Projects

Corporate
Sustainability

eFinance, a subsidiary of eFinance Investment Group, received the honoring of Prime Minister Dr. Mostafa Madbouly during the conference of the National Initiative for Green Smart Projects in the presence of several government ministers and leaders of international organizations in light of the company's efforts and participation in the initiative by replacing cars working with fuel with others that work with natural gas.

Prime Minister Dr. Mostafa Madbouly honored Mr. Ibrahim Sarhan, Chairman and CEO of eFinance Investments Group, for its great role in the initiative during which eFinance provided many digital transformation processes and efforts to ensure the facilitation of procedures and the success of the implementation of the system in accordance with the latest digital systems and mechanisms.

The ceremony took place in the presence of Dr. Hala El-Said, Minister of Planning and Economic Development, Ambassador Sameh Shoukry, Minister of Foreign Affairs, Dr. Rania Al-Mashat, Minister of International Cooperation, Dr. Yasmine Fouad, Minister of Environment, Dr. Amr Talaat, Minister of Communications, Major General Hisham Amna, Minister of Local Development, Prof. Dr. Mahmoud Mohi eldin, UN Climate Change High-Level Champion for Egypt at COP, and Dr. Maya Morsi, President of the National Council for Women in Egypt.

eFinance has played a pivotal role in the construction, management and operation of the natural gas replacement system of cars since its launch, and its social, environmental and industrial dimensions have contributed mainly to reducing carbon emissions and reducing environmental pollution caused by the exhaust of old cars as well as reducing the operating costs of these cars.

The Auto Replacement Initiative has so far succeeded in receiving more than 40,000 applications on the website, and more than 21,000 obsolete cars that were a major cause of environmental pollution in Egypt have been scrapped, as well as replacing those cars with environmentally friendly natural gas using ones supporting the economic and social dimension of that initiative.

eFinance's efforts towards climate-supporting projects reflects full commitment to the United Nations’ recommendations for climate change, revealing the efforts of the state and its institutions in supporting climate issues over the past years within the framework of Egypt's Vision 2030, and in conjunction with the preparations for the COP27 climate summit hosted by Egypt in Sharm el-Sheikh.

Mr. Ibrahim Sarhan expressed the Group's pride in this prestigious honor with a selection of Egyptian government ministers and under the patronage of His Excellency President Abdel Fattah El Sisi, which pushes us all towards more work and dedication in the service of smart green projects, which have long been the basis, goal and common denominator in all the Group's works and projects.

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