News & Press Releases

EFIG in Forbes Middle East “Egypt’s Top 50 Listed Companies 2024”!

Forbes Middle East has unveiled its list of Egypt's Top 50 Listed Companies for 2024, recognizing the most prominent and successful enterprises. eFinance Investment Group has earned a place in their list for the 3rd year in a row, highlighting our substantial influence in the financial services sector & reflecting the group's strong and growing presence in the market.Led by Chairman and CEO Ibrahim Sarhan, EFIG has made significant strides in the industry through our flagship subsidiary, eFinance for Digital Operations. This recognition by Forbes Middle East highlights the dynamic and robust nature of Egypt's business landscape, celebrating companies that drive economic growth and innovation & underscores EFIG's pivotal role in advancing Egypt's financial landscape. Forbes Middle East launched its inaugural list of Egypt's Top 50 Listed Companies in 2022, spotlighting the most valuable and profitable companies in the country, and eFinance Investment group has been a part of the list ever since.

EFIG, A Fortune 500 Arabia Company!

eFinance Investment Group was chosen to be a part of the prestigious Fortune 500 Arabia list, joining this prestigious ranking in its inaugural edition is a recognition by Fortune Arabia and it underscores our company's impact on the region's economy and society. The group has made its debut in the list in 2023, reflecting our leading position as a digital transformation enabler. The first edition of Fortune 500 Arabia was launched this year, presented in both Arabic and English versions through Fortune Arabia by Majarra. It features the 500 largest companies in the Arab region from the Middle East and North Africa. The data collection process for the list follows strict guidelines and is based on nine months of thorough and proven research to guarantee accuracy. This ensures that only the most impactful companies are part of this classification.

Prime Minister Honors Ibrahim Sarhan in Recognition of EFIG's Role in the Success of the "Takaful & Karama" Program

In celebration of the 10-year anniversary of the "Takaful & Karama" program, Prime Minister Dr. Mostafa Madbouly honored Mr. Ibrahim Sarhan, Chairman and CEO of eFinance Investment Group, in recognition of the Group’s contributions to the development and implementation of one of Egypt’s most significant social protection programs.The Prime Minister commended EFIG for its pivotal role in establishing the program’s digital infrastructure, which has enhanced the efficiency of cash aid distribution and ensured that financial support reaches eligible beneficiaries. Over the past decade, the company has been instrumental in building the technological foundation, issuing and personalizing Takaful & Karama Meeza cards, facilitating periodic conditional cash transfers, and providing comprehensive technical support for the program. Additionally, EFIG has played a key role in supporting the program by training social pioneers, further reinforcing the sustainability and effectiveness of the initiative and enhancing the program’s outreach.Expressing his gratitude, Mr. Ibrahim Sarhan emphasized that the success of Takaful & Karama is a testament to the fruitful collaboration between the government and private sector. He reaffirmed EFIG’s commitment to continuing its support for social programs through innovative technological solutions, underscoring the critical role of digital transformation in achieving sustainable development and improving public services.This recognition highlights the importance of public-private partnerships in advancing social protection initiatives and reflects the government’s appreciation for the contributions of national enterprises in driving inclusive development. 

EFIG signs an MoU with Saudi "Thiqah" to expand business outside of Egypt

EFIG took its first step towards expanding its business beyond the borders of Egypt and penetrate the Arab and African markets, The Group signed an MoU with the Saudi Company “Thiqah Business Services”, which specializes in providing innovative digital transformation solutions and digital services to the public and private sectors in Saudi Arabia. This agreement will result in maximizing returns for our shareholders and securing foreign currency sources of revenue. The MoU between EFIG and the "Thiqa" comes within the framework of both parties' continuous efforts to strengthen international partnerships and benefit from each other’s expertise and experiences in the smart solutions field, in addition to improving and developing digital services in the Arab world. Ibrahim Sarhan, Chairman and CEO of EFIG, expressed his pride in signing the MoU with Thiqa, adding that the Saudi market is one of the fastest growing markets in this period and has unlimited growth potential, making it the first choice for the group to expand abroad.    The MoU was signed by Mr. Mahmoud Hosny, Chief Investment & Strategic Planning Officer of EFIG and Eng. Bader bin Abdullah Al-Omari, CEO for Commercial and Strategic Partnerships at THIQAH Business Services in the presence of Eng. Hossam EL-Goly, CEO of eFinance.

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

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.

EFIG launches The Biggest Multi Cloud Platform in Egypt

EFIG announces the launch of the first biggest multi cloud platform in Egypt during the activities of our strategic partnership with Cairo ICT 2022 exhibition, in partnership with 13 leading global companies in technology and cloud hosting services as follows: F5, Redhat, Huawei, Pure storage, Dell, IBM, Cisco, VMware, Commvault, BMC, Fortinet, Paloalto & Citrix. For the first time, the group was able to bring together all these leading global institutional expertise in the fields of technology and integrated cloud computing within one project led by "eFinance" to serve the digital transformation operations in Egypt with the most advanced and latest global technologies in a way that suits the needs of various sectors, ministries, institutions, ,public and private sectors companies. The multi cloud platform will offer a unique package of multiple products and services, The platform has been equipped with the latest secure computing technologies, and the provision of multiple digital services including the latest software, cloud platforms, cybersecurity applications, artificial intelligence, big data processing, and others. Ibrahim Sarhan, CEO and Chairman of the Board of Directors of eFinance Investment Group said that this platform reflects the great leap achieved by the group in developing its cloud computing services system, as it succeeded in supporting it with large investments to upgrade its necessary infrastructure, in cooperation with major international institutions and companies, to contribute to advancing digital transformation in Egypt. He added that the tremendous development carried out by the group will contribute mainly to supporting the efforts of the Central Bank of Egypt for digital transformation and serving digital banks and startups in the field of financial inclusion, where cooperation between the group and the Central Bank in those areas, and the integrated cloud computing from eFinance will provide its services to banks in line with all standards, requirements and requirements of digital transactions for the banking sector. Moreover eFinance has obtained the quality certificate in operating cloud computing ISO 20001 and many international certificates from the largest technology companies specialized in the field of cloud computing to be among the top 200 cloud computing providers globally in a market with more than ten thousand service providers globally, which contributes to achieving the highest level of service performance, availability, insurance and ensuring business continuity while reducing time and internal costs.

15 October 2024

On the International Day of Rural Women, EFIG and Sonaa El Kheir Launch the First Mobile Sustainability Center

Under the auspices and in the presence of Dr. Maya Morsy, Minister of Social Solidarity, along with other dignitaries, eFinance Investment Group and Sonaa El Kheir Foundation, launch the first-of-its-kind mobile sustainability center. These centers aim to provide training and employment opportunities for rural women in the fields of traditional crafts and handmade products, aligning with the global celebration of the International Day of Rural Women on October 15.Ibrahim Sarhan, Chairman and CEO of eFinance Investment Group, stated, “With the launch of our first mobile sustainability center, we continue our journey of social responsibility, emphasizing women’s empowerment by providing rural women with the resources and opportunities they need.” He emphasized that these mobile centers offer women essential training and tools to build a sustainable income, thereby enhancing their quality of life and promoting financial independence. This initiative falls within the Group's broader strategy for direct social investment while supporting the preservation of traditional crafts.Ibrahim Sarhan highlighted the partnership with Sonaa El Kheir, underscoring that this initiative aligns with the Group’s strategy to fulfill its pivotal role in supporting rural women and the social and economic empowerment of women across Egypt’s villages. He added that these mobile centers help revive traditional crafts and embed them with modern techniques, creating scalable creative industries that can employ more women within their communities in an eco-friendly manner. The initiative thus furthers key sustainable development goals, including “Decent Work and Economic Growth” and “Reduced Inequality.”Mostafa Zamzam, Chairman of Sonaa El Kheir Foundation’s Board of Trustees, noted that the launch event will include an exhibition showcasing the products from these sustainability centers and a formal unveiling of the “Innovation Bus.” This bus is a pivotal element of the project, which not only trains rural women in traditional crafts but also equips them with production lines, delivers raw materials, and collects finished goods for marketing, ensuring broader project success.Zamzam explained that the collaboration with EFIG in launching the first mobile sustainability center forms part of the Foundation’s efforts to expand economic empowerment for underserved communities, particularly women in Egypt’s most vulnerable rural areas. The initiative provides dignified income opportunities while promoting the preservation of traditional crafts and textiles, supporting small and medium-sized enterprises, and improving local livelihoods.He added that the concept of these sustainability centers emerged from the need for entrepreneurship projects that align with Egypt’s sustainability goals, supporting national priorities like reviving traditional crafts and environmentally friendly labor-intensive industries. This initiative also builds upon previous collaborative projects between Sonaa El Kheir and EFIG, including the development of the Safih village in Fayoum and the Al-Farisiya village in Esna, Luxor, through home renovations and providing essential resources to vulnerable families, such as fishing boats and comprehensive medical support.The partnership also extends to the “Takafou” scholarship program, which provides funding to underprivileged students excelling at technological universities, covering their tuition throughout their studies, provided they maintain academic excellence. 