EFG Hermes Kenya, the leading brokerage firm in Kenya, has launched today its online equity-trading platform, EFG Hermes One, which will see the Firm offer retail investors seamless and convenient stock trading on the Nairobi Securities Exchange (NSE).
The first- application-of-its-kind will bring to the market the fastest and easiest access to competitive mortgage financing solutions through a seamless financing process that will help bolster the non-bank mortgage market in Egypt.
The EFG Hermes & Saudi Exchange Virtual Investor Conference aims to bring together a global lineup of leading institutions and investors to discuss key insights into the prospects of the Saudi capital market.
The award underscores valU’s innovative fintech offering and diversified, ever-growing portfolio of merchants from a broad-reaching set of segments
PayTabs Egypt, which set up operations in Cairo nearly a year and a half ago, announced that it has received the prestigious “Best E-Payment Solution” award at the ‘Leaders in Fintech Awards 2021’ presented by Entrepreneur Middle East. The event turned out to be a phenomenal evening, one which paid tribute to entrepreneurs and corporations shaping the future of the fintech industry.
valU for Consumer Finance, the leading fin-tech buy-now pay-later platform (BNPL), and AZADEA Group, a premier lifestyle retail company in the Middle East and Africa, announced today the launch of a new partnership that will see AZADEA Group’s retail outlets be included in valU’s roster of merchants as the partners work together to meet their customers’ lifestyle needs.
The partnership marks the Egyptian real estate sector’s first venture into digital payment solutions and efforts to accelerate contactless real estate sales during the pandemic.
The Sovereign Fund of Egypt (TSFE) and EFG Hermes Holding S.A.E (EFG Hermes, HRHO on the Egyptian Exchange) are pleased to announce that they have executed agreements to acquire 76% of the capital of Arab Investment Bank (AIB or the Bank). The acquisition will be structured as a capital increase that will increase the paid-in capital of the Bank to EGP 5 billion, making it compliant with the regulatory requirements of the Egyptian Banking Law.
(Cairo, Egypt) — EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), reported today its first quarter results for 2021, with revenues climbing a solid 30% Y-o-Y to EGP 1.3 billion on the back of positive performance across the majority of the Group’s lines of business in 1Q21.
The deal marks the ninth transaction by EFG Hermes’ Investment Banking division in 2021 and is a continuation of the team’s longest streak of deals in a single year, which reached an all-time high of 24 transactions in 2020 worth an aggregate value of USD 1.7 billion.
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