logo
Egypt: FRA renews registration of 3 firms in financial advisors registry

Egypt: FRA renews registration of 3 firms in financial advisors registry

Zawya12-06-2025
Arab Finance: The Financial Regulatory Authority (FRA) has approved the renewal of registration for three companies, namely Zilla Capital, RSM Egypt, and Premier Financial Consulting, in its financial advisors registry, as per a statement.
The decision, issued by the FRA's financial advisors registration, renewal, and delisting committee, is valid for three years starting May 27th, 2025.
The renewal allows the three firms to continue conducting financial evaluations and preparing fair value studies in accordance with the Egyptian valuation standards (EVS) for establishments.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EFG Hermes successfully completes advisory on the IPO of National Printing S.A.E on the Egyptian Exchange
EFG Hermes successfully completes advisory on the IPO of National Printing S.A.E on the Egyptian Exchange

Zawya

time42 minutes ago

  • Zawya

EFG Hermes successfully completes advisory on the IPO of National Printing S.A.E on the Egyptian Exchange

Cairo: 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. About EFG Holding: EFG Holding (EGX: – LSE: EFGD) is a financial institution that boasts a remarkable 40-year legacy of success in seven countries spanning two continents. Operating within three distinct verticals — the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) — the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes. EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah, a provider of innovative and integrated financial solutions for small business owners and entrepreneurs, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, Bedaya for mortgage finance, Kaf for insurance, and EFG Finance SMEs, which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, an integrated retail and corporate banking product provider in Egypt. Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Kenya | Nigeria Learn more about us at For further information, please contact: May El Gammal Group Chief Marketing & Communications Officer of EFG Holding melgammal@ Omar Salama Associate Director of Communications of EFG Holding osalama@ The EFG Holding Public Relations Team PublicRelations@

Lime Consumer Finance signs strategic partnership with Future University in Egypt at EduGate
Lime Consumer Finance signs strategic partnership with Future University in Egypt at EduGate

Zawya

time42 minutes ago

  • Zawya

Lime Consumer Finance signs strategic partnership with Future University in Egypt at EduGate

Mohsen: With over 3.76 million individuals pursuing higher education nationwide, Lime is expanding its network of educational partners. Cairo - In a major step toward expanding access to higher education in Egypt, Lime Consumer Finance, the largest platform for education financing in Egypt, has announced a strategic partnership with Future University in Egypt (FUE) during EduGate 2025—Egypt's largest higher education fair—where Lime served as the official financial partner. This partnership marks a milestone in Lime's strategic expansion and reinforces its mission to make quality education more accessible through transparent, tailored financing solutions for students and their families. Commenting on the signing, Mr. Ahmed Mohsen, CEO and Managing Director of Lime, said: 'We're thrilled to sign these strategic partnerships during EduGate—an event that brings together thousands of students and educators from across Egypt. With over 3.76 million individuals pursuing higher education nationwide, the need for smart, flexible financing solutions spans all educational stages. To meet this growing demand, Lime is expanding its network of educational partners, now working with over 300 institutions to empower families in supporting a rich and uninterrupted learning journey—from nursery through to university and beyond.' Sharing the same vision, Dr. Ebada Sarhan, President of FUE, stated: 'We are proud to partner with Lime to bring next-generation financial technology into the education experience. This partnership reflects our commitment to enhancing access to education and advancing the learning ecosystem in Egypt. We're providing smart support for a smarter future—ensuring higher education remains accessible, efficient, and future-ready. In addition, students who choose to pay the full-year tuition fees through Lime will benefit from a 10% exclusive discount.' The partnership with FUE is a testament to Lime's growing influence in the education sector and its dedication to supporting students and institutions alike through inclusive and innovative financial products. About Lime Consumer Finance: Lime Consumer Finance is Egypt's largest platform specialized in long-term education financing and beyond. While its first entry point is to empower families through flexible, transparent, and FRA-approved financing solutions across the full education journey—from KG to PhD—Lime is also building a foundation for future vertical expansion into other high-impact sectors. The app features a holistic marketplace of top educational institutions, seamless digital onboarding, and data-driven tools to support informed decision-making. With a vision to cater to multiple consumer segments and address financial inclusion through new digital solutions relying on state-of-the-art technology, FAB Group in the UAE established Lime under the FRA. Backed by the strength and expertise of FAB Group and guided by multidisciplinary board members, Lime is committed to delivering structured growth, financial inclusion, and sustainable impact across Egypt's evolving fintech landscape. About Future University in Egypt: Future University in Egypt (FUE) is one of the top-ranked private universities in Egypt, recognized by leading international institutions such as QS, Shanghai Ranking, U.S. News, Scimago, Times Higher Education, and Webometrics. FUE offers globally accredited programs through prestigious academic partnerships with universities like the University of Cincinnati (USA), University College Cork (Ireland), Case Western Reserve (USA) and Missouri University of Science and Technology (USA). Officially accredited by NAQAAE, its programs also meet global standards including ABET (for engineering and computing) and ACPE (for pharmacy). FUE includes six leading faculties: Faculty of Oral and Dental Medicine - Faculty of Engineering and Technology - Faculty of Computers and Information Technology - Faculty of Pharmacy - Faculty of Commerce and Business Administration - Faculty of Economics and Political Science Future University in Egypt offers an advanced educational environment that includes smart laboratories, a specialized dental hospital, the first on-campus pharmaceutical factory in Egypt, and a comprehensive library. The university also boasts a globally ranked faculty, including professors listed among the top 2% of researchers worldwide, according to Stanford University. FUE was ranked the number one private university in Egypt in the QS Employability Lens ranking for graduate employability—affirming the university's commitment to preparing students for successful careers both in Egypt and abroad.

Visa Africa Fintech Accelerator opens applications for fifth cohort, welcomes 22 startups to fourth
Visa Africa Fintech Accelerator opens applications for fifth cohort, welcomes 22 startups to fourth

Zawya

timean hour ago

  • Zawya

Visa Africa Fintech Accelerator opens applications for fifth cohort, welcomes 22 startups to fourth

Participating companies will benefit from a comprehensive 3-month program of training, mentorship, and networking. Since its launch, the program has accelerated 64 start-ups helping them add more than $3 million in revenue uplift during the training, and alumni to raise upwards of $55 million since completing the program. Egypt, Cairo: 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. About Visa Inc. Visa (NYSE: V) is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere, and see access as foundational to the future of money movement.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store