Finance
EFG Finance secures FRA licence for new NBFI subsidiary – Dailynewsegypt
EFG Finance, a subsidiary of EFG Holding specializing in non-bank financial services, has announced the acquisition of a licence from the Financial Regulatory Authority (FRA). This licence will enable the launch of a new subsidiary dedicated to providing bespoke financial services for small and medium enterprises (SMEs). The launch is scheduled for the upcoming second quarter.
This initiative aims to fill a niche in EFG Finance’s product range, targeting the segment between micro-enterprises served by Tanmeyah and larger corporations catered to by EFG Corp-Solutions. The focus will be on custom financing solutions to support SMEs throughout their development.
Karim Awad, Group CEO of EFG Holding, expressed enthusiasm about the new licence: “We’re excited to expand the EFG Holding portfolio with this new subsidiary. Our commitment to offering a diverse array of financial products ensures that we meet the needs of clients of all sizes and financial standings. We strive to create innovative financial solutions that drive economic growth, empower our clients, and provide solid returns for our shareholders.”
With the introduction of this subsidiary, EFG Finance will offer SMEs easily accessible, scalable financial products and services through multiple channels, enhanced by digital technology. The platform will focus on expanding its clientele and enhancing user experience, backed by a thorough evaluation of each customer’s risk profile and growth potential.
Aladdin ElAfifi, CEO of EFG Finance, remarked on the development: “The upcoming launch of our SME-focused business underscores our dedication to fostering the Egyptian economy’s growth and prosperity. The new licence marks the beginning of a specialized platform that will address the distinct financial needs of SMEs in Egypt. EFG Finance acknowledges the crucial role of SMEs in economic advancement and job creation. Our new company will provide innovative financial solutions, utilizing advanced technology and our extensive industry expertise.”
EFG Finance is recognized as Egypt’s rapidly expanding NBFI platform and a catalyst for financial inclusion. The platform hosts a variety of brands, including Valu, the leading financial technology entity in MENA, microfinance provider Tanmeyah, leasing and factoring service EFG Corp-Solutions, mortgage financier Bedaya, insurer Kaf, and digital payment service PayTabs Egypt.
Finance
Building a scalable finance function at Coca-Cola Europacific Partners
Implementing the “Future of Finance Academy”
KPMG in the UK worked with CCEP to co-create a comprehensive learning program for senior managers and associate directors in its finance function. We began by developing a strong understanding of the unique business context in which the company and its finance team operate.
This also helped us determine the best mode of delivery for its globally distributed finance function and identify opportunities to stretch CCEP’s ambitions further.
For example, the KPMG team proposed turning the final module of the course into a showcase presentation. Trainees applied what they had learned to real business challenges and presented their solutions to the board in a business pitch-style competition. Although this added to finance leaders’ already demanding workload, it proved to be one of the course’s most successful elements, enabling participants to put their new skills into practice.
Before work on the Academy began, KPMG developed a detailed plan setting out how the two teams would work together, ensure consistency across the learning modules, maintain quality assurance, and manage changes to scope.
KPMG professionals then collaborated closely with CCEP to co-create bespoke learning content, with CCEP’s senior finance leaders acting as subject matter experts alongside our own finance specialists.
Finance
Bangladesh Says $300 Billion Climate Finance Goal Falls Short, Calls for More Support
Finance
EU and Hong Kong in talks on new financial services dialogue, envoy says
Senior officials from the European Union and Hong Kong are in talks to launch a financial services dialogue, with companies from the bloc keen to explore opportunities in the Northern Metropolis, its top representative in the city has said.
Ambassador Harvey Rouse, head of the EU Office in Hong Kong, made the remarks at the Greenway 2026 forum on Tuesday, where he highlighted opportunities for cooperation on sustainable innovation and the green transition.
In a keynote address, Rouse said Hong Kong had established itself as one of Asia’s leading centres for green and sustainable finance, and that, as “two of the world’s leaders” in this field, both sides had an opportunity to deepen cooperation.
“Indeed, this cooperation is already under way,” he said.
“Senior exchanges between Hong Kong and the European Commission have intensified over the past year with visits of EU officials to Hong Kong and vice versa. Both sides are looking at starting soon a financial services dialogue to enhance cooperation.”
Rouse said European firms could also provide investment and expertise to support Hong Kong’s green transition.
“This is particularly relevant as Hong Kong develops the Northern Metropolis,” he said, referring to the city’s 30,000-hectare (74,131-acre) megaproject near the border with mainland China.
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