رئيس مجلس إدارة إي فاينانس المصرية لـ CNBC عربية: استطعنا تحقيق عائد استثماري باستثمارنا في "إي تاكس" بنسبة 20%
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00:00 I would like to start with a good news, although the economic conditions for the challenges of global warming and global warming here in the market have also solved the challenges of the cost and so on.
00:17 But, thank God, the investment contributions that we made in the past two years have yielded very good results this year.
00:26 The first contribution that we made in the e-tax company, which, by the way, has yielded about 20% in the first year.
00:36 I am talking about the investment transactions, because it was able, as a national project of the Egyptian government, to increase the tax revenues from non-tax companies by about 22%.
00:53 This has also led to the fact that our revenues have increased significantly.
00:58 We have more than 450,000 companies that use our money.
01:04 The number of invoices that exist is more than a million bills a day.
01:10 This in itself is a great achievement for the investment and for the results.
01:15 The second part was the investment in the agricultural sector in the agribusiness and e-commerce.
01:22 We announced in the first quarter that we have entered a new project called Al-Asmeda.
01:28 We are spending Al-Asmeda on loans with farmers, according to the program that the Ministry of Agriculture has made in cooperation with the Agricultural Bank.
01:37 Thank God, we were able to reach in five months to cover all the Egyptian provinces.
01:46 We have reached the prospect of 50 million loans, which is more than enough for us in daily commercial transactions for e-commerce.
01:58 These 50 million in the season, in the season, in the season, is about four to five months.
02:04 All I need to say is that these are all investments that we have made in companies that sell to us, whether e-commerce or e-tax.
02:13 At the same time, there was good work that we did with the Egyptian government in new national projects, such as the payment program.
02:23 This is also the extent to which we are making a payment program with the Ministry of Finance for the entire Egyptian government, up to 4 million employees.
02:30 This is 4 million employees with their monthly payments, but the system itself, in all parts of the government, uses this system.
02:41 This is also one of the achievements that we have made.
02:44 There were two very important things that we must say.
02:47 The first thing is that these investments were in the direction of the company's strategy and vision.
02:56 The second point is that we were able to optimize the cost, because of course, these inflationary rates affect the cost.
03:06 The most important thing is that we started this year, from the beginning, we were making a unit in the holding for the business gross.
03:12 How do we add a lot of money to the infrastructure?
03:17 Good, Mr. Ibrahim.
03:19 Good, good.
03:21 The idea has reached these arrangements.
03:25 You, Mr. Ibrahim, are responsible for managing and operating the financial network for the Egyptian government.
03:31 What are the other sectors that you are active in?
03:35 The tourism sector, as I said, is one of the sectors that, thank God, the tourism market in Egypt has increased significantly.
03:44 In the middle of the year, we reached about 7 million tourists.
03:48 Our investment with the tourism sector and the heritage sector, we have placed a reservation for the registration and electronic payment in about 55 museums.
03:59 With the commitment of the government, that this project was successful, it was necessary that there was no cash at all, everything was done electronically.
04:05 This is one of the things that made the returns of this sector, for us, represent 10% of the large revenues that we have made.
04:13 This is a new sector, we started it last year only.
04:16 This is one of the things that had good investment, and has helped currently, and has also helped with the increase in tourism reception in the Arab Egyptian Republic.
04:26 The Saudi Egyptian company, which is the owner of the Saudi wealth fund, which has a minority share, what is the type of addition that this direction achieved?
04:38 I swear, the addition is big, in terms of two things. The first thing is that they, as investors, encourage us in the board on how we use the examples of the financial funds that we have.
04:57 The second thing is that they encourage us to open in Saudi Arabia, and God willing, our plan is that within these two months, the office will be open.
05:08 We worked with them last week on an action plan, a plan on how we will start in 2024, in cooperation with the partner companies that the Saudi wealth fund contributes to,
05:22 so that there is exchange and experience between us and them, jointly activity with them in national projects in the Kingdom,
05:31 and they can also come with us here in the Egyptian market, and from here, of course, they provide the dollar transaction for us as an important currency that we cooperate with.
05:45 Plus, there are other projects in other Arab countries that they have an interest in, and we have experience in it.
05:53 And so we also started looking at some countries, we both together, how we can provide them with the services that we are famous for.
06:02 Do you have a direction towards Africa, Mr. Ibrahim?
06:07 We were heading towards Africa, but the economic circumstances that happened from the beginning of the year,
06:13 last year we entered a large national project for health insurance in Zimbabwe, and we were worried about the end of it this year,
06:21 and we wanted to have more opportunities in more than one African country, but of course, the economic circumstances in these countries, the financing process has become difficult,
06:32 so we started to enter the markets, which, thank God, have a great potential in the days we are in,
06:42 whether it is the Arab countries or the Kingdom of Saudi Arabia, of course, with the existence of BIF with us.
06:48 I thank you, Mr. Ibrahim Sarhan, the president of A-Finance, thank you for being with us from Cairo.