Crédit Agricole Egypt Honored with 'Most Customer-Centric Banking Products' Award for 2024
Ahmed Essam, Head of Corporate Banking of Crédit Agricole Egypt stated, 'I'm proud of this recognition that highlights our dedication to customer satisfaction. We are committed to exceeding expectations at every touch point. By leveraging on Crédit Agricole's group and our local expertise, we are able to provide our corporate clients with financial products and solutions that help them to thrive
In 2024, Crédit Agricole Egypt won three awards from renowned global publications which recognized the bank's excellence in digital transformation, innovation and digital banking products Google News تابعونا على تابعونا على تطبيق نبض
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Egypt and Pakistan Move Toward Deeper Defense and Security Partnership
H-Tayea Egypt and Pakistan appear to be paving the way toward a deeper, potentially strategic military alliance, as President Abdel Fattah El-Sisi met with General Sahir Shamshad Mirza, Chairman of the Joint Chiefs of Staff of Pakistan, in Cairo on Wednesday. The high-level meeting focused on expanding military and security cooperation, amid shared interest in regional stability and the fight against extremism. The visit, framed as part of broader efforts to deepen bilateral strategic ties, comes at a time when both countries are exploring new military partnerships and defense industry collaborations. According to a statement from the Egyptian Presidency, General Mirza conveyed greetings from Pakistani Prime Minister Shehbaz Sharif, while President Sisi praised the growing momentum in Egypt-Pakistan relations. The leaders reportedly discussed joint defense initiatives, counter-terrorism efforts, and regional cooperation mechanisms. Defense analyst Umair Aslan, speaking to Defense Arabia, highlighted the significant opportunity for Egypt to benefit from Pakistan's growing defense industry. Over the past two decades, Pakistan has emerged as a credible and cost-effective defense supplier, offering viable alternatives to traditional Western sources. According to Aslan, one of the most appealing options for Egypt could be the JF-17 Thunder multirole fighter, co-developed by Pakistan and China. The lightweight, versatile, and affordable aircraft could help modernize Egypt's air fleet without the heavy political strings or financial costs often associated with US or French jets. Despite its lower cost, the JF-17 boasts modern avionics, weapon systems, and air superiority capabilities, making it a practical choice for flexible air defense. In terms of ground forces, Aslan suggested that Pakistan's "Al-Khalid" and "Al-Zarrar" main battle tanks may also be of interest to Egypt. The Al-Khalid, equipped with Chinese and Pakistani technology, offers strong engine performance and advanced targeting systems. Meanwhile, the Zarrar is a low-cost modernization option for older tanks—something Egypt may explore, especially as it aims to enhance local manufacturing capabilities. While Pakistan's ballistic missile systems may not be Egypt's primary focus, anti-ship and conventional surface-to-surface missile systems developed by Pakistan could be valuable additions to Egypt's arsenal, particularly as Cairo looks to build a cost-effective and adaptable defense posture. What makes this evolving relationship noteworthy is that both countries appear willing to move beyond simple arms transactions. According to Aslan, the Sisi-Mirza meeting, along with other recent defense engagements, signals a clear intent to forge a deeper defense partnership that includes industrial collaboration, technical exchange, and joint military training. read more Analysis- Turkey Has 0 Regional Allies... Why? Analysis: Russia, Turkey... Libya in Return For Syria? Analysis: Who Will Gain Trump's Peace Plan Fruits? Analysis: Will Turkey's Erdogan Resort to Snap Election? Analysis: What Are Turkey's Aspirations in Iraq? Opinion & Analysis Analysis: Mercenaries In Libya... Who Should Be Blamed? Opinion & Analysis Analysis- How 'Libya Nightmare' Takes Erdogan to Algiers Opinion & Analysis Analysis: What Happens After Brexit? Opinion & Analysis Analysis: Strategic Significance of Libya's Sirte, Jufra! News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani Sports Get to Know 2025 WWE Evolution Results
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Visa Africa Fintech Accelerator Opens Applications for Fifth Cohort, Welcomes 22 Startups to Fourth
Visa, a global leader in digital payments, announced that applications are open for the fifth cohort (Cohort 5) of its Visa Africa Fintech Accelerator, a 12-week intensive program designed to help startups fast-track their growth and impact. Fintechs with a minimum viable product (MVP) or a market-ready solution based in Africa are invited to apply before August 15 Visa also announced 22 participating startups for the fourth cohort (Cohort 4) of its program, spanning 12 countries. These startups aim is to tackle challenges in Africa's fintech sector and promote financial inclusion and digital growth. They provide solutions in Small and Medium Business (SMB) digitization, lending, cross-border payments, payroll, business-to-business (B2B) payments, AI-powered payments, social commerce, climate insurance, and neo-banking The Visa Africa Fintech Accelerator offers Africa-focused startups mentorship, tailored training, networking, and access to funding and resources, helping them advance in the fintech sector. This initiative is part of Visa's continued commitment to advancing Africa's digital economy, and the company's pledge of $1 billion by 2027 to transform the payments ecosystem Since its inception in 2023, the Visa Africa Fintech Accelerator program has accelerated 64 fintechs across three cohorts, with an estimated cumulative portfolio value of $1.1 billion. In the first three cohorts, participation has spanned 17 countries with operational footprint in 31. Nearly two-thirds (62%) of the startups included women on their leadership teams. Collectively, these fintechs have added more than $3 million in revenue during the course of the training, and alumni have subsequently raised more than $55 million following completion of the program [VISA SPOKESPERSON] stated: 'Visa is committed to fostering innovation and promoting access and inclusion within Africa's financial ecosystem. As digital transformation accelerates across the continent, we are pleased to invite applications for Cohort 5 of the Visa Africa Fintech Accelerator, in alignment with our mission to support emerging start-ups in advancing their innovative solutions. We are also proud to introduce the participants of Cohort 4, whose diverse initiatives are set to deliver meaningful benefits to individuals, merchants, and businesses The virtual Accelerator program will conclude with an in-person Demo Day, where startups will have the opportunity to pitch their innovations to key ecosystem players, funding partners, angel investors, and venture capitalists Startups shortlisted for Cohort 4 of the Visa Africa Fintech Accelerator are • (Zimbabwe): BigDot is helping SMEs use less cash through digital transformation, seamless checkouts, and blockchain-powered financial inclusion • ChatCash (Zimbabwe): ChatCash enables African SMEs to sell and get paid through popular messaging apps using AI-powered, multilingual tools. The platform integrates payments, customer engagement, and business resources • Credify Africa (Uganda): Credify is bridging the trade finance gap for African importers by providing seamless access to capital, logistics, and cross-border payments • Flend (Egypt): Flend is a digital NBFI for SME finance, providing tech-enabled, data-driven solutions to close the financing gap for underserved businesses in North Africa • Hsabati (Morocco): Hsabati is a platform that helps businesses manage operations, enabling data collection and ecosystem scoring to facilitate financing through partner banks • IPT Africa (Mauritius): IPT Africa provides cross-border payments solutions, including payroll processing, real-time FX pricing, and same-day bulk payments • Lemonade Payments (Kenya): Lemonade's white-label digital payments solution empowers businesses with secure, blockchain-powered wallets, without compromising user data • Maishapay (Democratic Republic of Congo): Maishapay is an all-in-one B2B financial platform offering payroll solutions, digital payments, and POS terminals to help streamline transactions • MNZL (Egypt): MNZL is expanding access to credit through a digital platform for asset-backed financing by tapping into consumers home and car equity • Motito (Ghana): Motito is an asset financing marketplace that provides alternative payment options for customers to purchase essential assets • Muda (Kenya): Muda is a digital asset exchange and OTC platform focused on cross-border payments and stablecoin liquidity solutions for African businesses and fintech's • (Botswana): simplifies investing across African stock markets by providing a unified platform for trading all African stocks • OKO Finance Ltd (Ivory Coast): OKO distributes automated climate insurance, allowing farms to boost their climate resilience and banks to de-risk their investment in agricultural projects • PressPayNg (Nigeria): PressPayNg is an education-focused fintech platform that provides banking, financing, savings, and insurance solutions to help parents, guardians, youths, and students fund education • Sevi (Kenya): Sevi streamlines B2B payments within non-digital value chains. This optimizes efficiency in credit, payments and reconciliation for the supplier, and access to stock and stock financing for small retailers • Shiga Digital Inc (Nigeria): Shiga Digital provides simplified access to decentralized financial solutions for the African market with a purpose-built Defi account • ShopOkoa (Kenya): ShopOkoa provides AI-driven credit and payment solutions to small- and micro-enterprises in Africa. It operates as a membership-based system combining daily savings, revenue-based financing, and automated cashflow tracking • Startbutton (Nigeria): Startbutton is a merchant of record helping businesses expand across Africa by paying and receiving local currency payments from their customers in a tax efficient and compliant manner, and without the need to setup local offices • Twiva (Kenya): Twiva is a social commerce platform where businesses market and resell their products and services through social media influencers • Vittas (Nigeria): Vittas empowers healthcare providers with access to tailored financing, digital tools, and payment solutions, enabling them to improve patient care • Woliz (Morocco): Woliz is a fintech ecosystem transforming nano-stores into digital hubs with loyalty rewards, payments, and AI-driven operations • Zazu (South Africa): Zazu is a neobank for African small and medium-sized businesses, providing digital business accounts, expense management, invoicing, and bookkeeping tools in one platform Google News تابعونا على تابعونا على تطبيق نبض
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EFG Hermes Successfully Completes Advisory on the IPO of National Printing S.A.E on the Egyptian Exchange
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division successfully completed its role as the sole global coordinator on the initial public offering (IPO) of National Printing S.A.E. ('National Printing' or the 'Company') on the Egyptian Exchange (EGX) The IPO included the sale of 10% of the company's issued share capital for a total value of EGP 450 million. The shares were offered through a private tranche to Mr. Omran Mohammed AlOmran, a prominent Saudi Arabian entrepreneur, as an anchor investor ('Cornerstone Investor'), in addition to a public tranche for retail and institutional investors in Egypt which was 23.6x oversubscribed. The IPO has been priced at EGP 21.25 per share, implying a market capitalization of c. EGP 4.5 billion National Printing is a leading player in the paper and packaging industry in Egypt, with a legacy dating back to 1979. National Printing operates through four main subsidiaries, Shorouk, Uniboard, El Baddar for Packaging, and Windsor, serving approximately 15 sectors, including FMCG, pharmaceuticals, white goods, and education. With leading market positions across its subsidiaries, National Printing has built a portfolio of blue-chip customers and multinationals of over 690 customers Shares of National Printing began trading today under the ticker Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, said: 'We are proud to support National Printing on its journey to become a listed company on the EGX. This IPO demonstrates investors' appetite for market leading companies that are not properly represented on the EGX. It also represents a significant step forward for Egypt's capital market activity, that we hope can be capitalized on as the IPO of National Printing is the second listing that we have successfully executed on the EGX in 2025, following the successful listing of Valu. We remain committed to enabling ambitious companies to access public capital markets in the region in order to scale their growth sustainably and allow value monetization for shareholders EFG Hermes' Investment Banking division acted as the sole global coordinator for the transaction Since the beginning of the year, EFG Hermes has advised on 6 M&A transactions, 7 DCM, and 10 ECM transactions across the region, including landmark transactions in Egypt, UAE, Saudi Arabia, and Oman, underscoring its leadership in regional markets Google News تابعونا على تابعونا على تطبيق نبض
