Latest news with #eFinance
Zawya
5 days ago
- Business
- Zawya
Egypt: eHealth, Health Ministry forge partnership to enhance National Digital Health System
Arab Finance: eHealth, a sister company of e-finance for Digital and Financial Investments, signed a cooperation agreement with the Ministry of Health and Population to operate and manage Egypt's National Digital Health System, according to a press release. The joint agreement aims to empower the ministry to develop a comprehensive roadmap for digital transformation in the healthcare sector. The strategic partnership includes integration with the Universal Health Insurance System, boosting governance, and ensuring interoperability of data across public, regulatory, and private stakeholders in the healthcare ecosystem. Moreover, the two sides will collaborate to develop an ideal investment model to promote key private-sector partnerships and encourage financial institutions to contribute to the financing of the digital healthcare infrastructure. Ibrahim Sarhan, Chairman of e-finance, highlighted the urgent need to accelerate digital transformation in the healthcare system. Sarhan expected a positive impact on Egypt's healthcare sector, lauding its contribution to improving the quality of services provided to all citizens. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
15-05-2025
- Business
- Zawya
Egypt: e-finance's consolidated profits surge 30.21% YoY in Q1 2025
Arab Finance: e-finance for Digital and Financial Investments (EFIH) posted a 30.21% year-on-year (YoY) jump in consolidated net profits after tax and non-controlling interest in the first quarter (Q1) of 2025, recording EGP 602.259 million, versus EGP 462.527 million, as per a filing. Revenues climbed to EGP 1.619 billion from January to March this year from EGP 1.149 billion in the same period last year. The company reported standalone net profits after tax of EGP 645.633 million in Q1 2025, up from EGP 546.664 million in Q1 2024. Meanwhile, standalone revenues soared to EGP 698.695 million from EGP 528.618 million. Founded in 2005, e-finance is the first fintech platform in Egypt and a leading digital payment infrastructure developer. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Al-Ahram Weekly
27-02-2025
- Business
- Al-Ahram Weekly
EGX executes 297.4 mln transaction on state-owned eFinance shares
The Egyptian Stock Exchange (EGX) executed Thursday a large transaction involving shares of the state-owned eFinance for Financial and Digital Investments valued at EGP 297.4 million. In an announcement published on its official website, EGX stated that a transaction was executed on eFinance shares for a total of 15.98 million shares as part of the employee incentive and motivation system. It is worth noting that eFinance's net profit increased from EGP 1.3 billion in 2023 to EGP 1.8 billion in 2024, taking minority rights into account. The company's revenues increased from EGP 3.9 billion in 2023 to EGP 5.2 billion in 2024. It was initially listed in the Egyptian government's initial public offering (IPO) programme under the country's divestment plan. In 2023, Saudi Arabia's Public Investment Fund (PIF) raised its stake in the company by two percent to reach 27 percent. Egypt is ramping up its efforts to offer 10 state- and military-owned companies under its IPO programme during 2025 in line with its commitments under its Extended Fund Facility (EFF) $8 billion loan with the International Monetary Fund (IMF). Follow us on: Facebook Instagram Whatsapp Short link:
Al-Ahram Weekly
27-02-2025
- Business
- Al-Ahram Weekly
EGX announces 297.4 mln transaction on state-owned eFinance shares
The Egyptian Stock Exchange (EGX) announced Thursday the execution of a large transaction involving shares of the state-owned eFinance for Financial and Digital Investments valued at EGP 297.4 million. In an announcement published on its official website, EGX stated that a transaction was executed on eFinance shares for a total of 15.98 million shares as part of the employee incentive and motivation system. It is worth noting that eFinance's net profit increased from EGP 1.3 billion in 2023 to EGP 1.8 billion in 2024, taking minority rights into account. The company's revenues increased from EGP 3.9 billion in 2023 to EGP 5.2 billion in 2024. It was initially listed in the Egyptian government's initial public offering (IPO) programme under the country's divestment plan. In 2023, Saudi Arabia's Public Investment Fund (PIF) raised its stake in the company by two percent to reach 27 percent. Egypt is ramping up its efforts to offer 10 state- and military-owned companies under its IPO programme during 2025 in line with its commitments under its Extended Fund Facility (EFF) $8 billion loan with the International Monetary Fund (IMF). Follow us on: Facebook Instagram Whatsapp Short link:
