In a move poised to accelerate digital transformation across Africa, Egypt’s eFinance Investment Group and Cassava Technologies, a global technology leader of African heritage, have announced a strategic partnership.
The collaboration was unveiled at the 28th Cairo ICT Exhibition and Conference, held under the patronage of President Abdel Fattah El-Sisi.
This partnership leverages the unique strengths of both organizations. Cassava Technologies, known for its extensive pan-African infrastructure and technological expertise, will collaborate with eFinance, a leader in Egypt’s digital payments sector and a pioneer of the country’s digital economy.
The alliance seeks to enhance Egypt’s market offerings through innovations powered by Cassava’s reach and global partnerships. The partnership will also explore opportunities for joint growth across the continent, aiming to deliver transformative services to underserved markets.
Cassava Technologies operates across Africa, the Middle East, Latin America, and the U.S., offering services such as fiber broadband, satellite communications, renewable energy solutions, and cybersecurity.
Meanwhile, eFinance, founded in 2005, has played a key role in advancing Egypt’s financial network and digital payments infrastructure, supporting financial inclusion and national economic development.
Ibrahim Sarhan, Chairman and CEO of eFinance Investment Group, emphasized the significance of the collaboration:
“This partnership marks a milestone in delivering innovative joint services across Africa, focusing on Egypt’s digital economy and eFinance’s leadership in enabling financial access for various industries and sectors.”
Hardy Pemhiwa, President and Group CEO of Cassava Technologies, echoed the sentiment:
“eFinance’s success in Egypt’s digital transformation makes them an ideal partner as we expand our presence in Egypt and the MENA region. Together, we aim to accelerate the adoption of digital solutions, advancing our vision of a connected future for Africa.”
The partnership highlights the growing demand for cross-border collaborations to drive digital growth and economic inclusion across Africa. By combining resources, expertise, and networks, eFinance and Cassava Technologies aim to lead the charge in creating a digitally connected continent.
This agreement signals a bold step toward empowering African nations with cutting-edge technological solutions, underscoring the critical role of partnerships in shaping the continent’s digital future.