Back to the complete issue
Thursday, 14 October 2021

EFG, Hassan Allam, Khazna all get a round of applause

KUDOS-

We said earlier this week that it is never too late to start something new — or even start over. In that vein: Big kudos to reader Ehab Mikhael from ADM, who wrote in to let us know that he agreed, having earned his MBA just a few days earlier at the age of 44.

EFG Hermes’ consumer finance arm valU was named fintech company of the year at the Tech Innovation Awards 2021 — hosted by BNC Publishing’s Entrepreneur Middle East in Dubai on 6 October, the company said in a press release (pdf). “We are honored to be named ‘Fintech Company of the Year’ by Entrepreneur Middle East and to be nominated among some of the strongest names in the fintech industry,” valU CEO Walid Hassouna said.

Fintech startup Khazna was selected to compete in the first iteration of the Last Mile Money Accelerator, a program founded by the Bill & Melinda Gates Foundation and managed by design company IDEO. “The four-month programme aims to supercharge startups with grant capital, world class design support from IDEO and IDEO.org, and connections to key strategic ecosystem partners,” according to Disrupt Africa.

Hassan Allam Holding took home the Technology Initiative of the Year prize at the CW Egypt Awards 2021. The company was noted for implementing SAP across all its business divisions, employing the system for “document creation approval with different strategies, as well as reviewing and monitoring all transactions.”

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.