Arab Finance: Company announced iFinance Financial and Digital Investments (EFIH)announced the launch of its subsidiary, Egypt Markets, and the Egyptian Post Investment Company, an African e-commerce platform company to develop and operate specialized electronic markets, according to statement Egyptian Stock Exchange.
She added that the new company targets the business market in Africa in cooperation with local and regional projects, whether from the private sector or the government. The e-commerce platform works to create, develop, and operate electronic markets, including design, development, operation, management, maintenance, and marketing of e-commerce platforms and applications, creating databases, and providing valuable services. Additives, electronic payment, financing, and holding exhibitions and conferences.
The company aims to overcome the challenges facing e-commerce in Africa and enable Egypt to become the e-commerce gateway for African countries. It was decided to appoint Sherif Shaheen as Chairman of the Board of Directors of the platform, and Ahmed Abdeen, Executive Director and member of the Board of Directors.
About the results of its business during the period from 01/01/2024 to 06/30/2024, which showed achieving a net profit Unassembled It amounted to 560,042,539 pounds, compared to the company achieving a net profit of 390,223,921 pounds during the period from 01/01/2023 to 06/30/2023.
eFinance Group was established in 2005 as an Egyptian company specialized in developing and managing the technological infrastructure for digital financial transactions. The company was tasked at that time with building, operating and managing the financial network for the Egyptian government.
Over the course of its twenty-year history, the group has succeeded in expanding its business to cover all digital markets in Egypt while developing the range of services and solutions provided until it includes under its umbrella a group of subsidiaries whose activities cover all corners of the digital financial transactions system in the Egyptian market.
e-Finance is unique in the flexibility of its organizational structure, which allows it to target several markets through its subsidiaries and thus enhance its ability to maximize added value in the digital financial transactions market. e-Finance is also distinguished by adopting and implementing an integrated business model to serve as a one-stop shop for all elements of the digital transaction system for payment and collection. Electronic in Egypt; In addition to the financial services technology system, the group includes several subsidiaries, each of which specializes in a specific field to ensure the group’s ability to diversify its work to cover the pillars of the digital transactions system.
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