Last Update 20:45
Sunday, 17 November 2019

MEDAF Investments plans to gain 50% of e-payment market share and penetrate African market

In exclusive interview with Ahram Online, head of MEDAF corporate affairs Hany Abo Al-Fotouh affirmed the company has a strategy to expand its work in Egypt over the coming five years

Doaa A.Moneim , Wednesday 18 Sep 2019
Hany Abou-El-Fotouh, economic expert and Head of Corporate Affairs at MEDAF Investments
Views: 1269
Views: 1269
MEDAF Investments Holding has announced that it targets gaining a market share ranging between 30 and 50 percent of the electronic payment (e-payment) sector in the Egyptian market, in addition to penetrating African markets and searching for new partnerships and investment opportunities in Europe in a number of sectors in the next three years.
In an exclusive interview with Ahram Online, head of MEDAF corporate affairs Hany Abo Al-Fotouh said that e-payments is a promising market in Egypt and Africa, boosting the digital transformation policy that Egypt has adopted.
“MEDAF has its investment strategy to expand its work in Egypt for the coming five years. We will target the mining, financial and intermediate industries sectors as our destination for investment in Egypt and Africa," Abo Al-Fotouh told Ahram Online.
He also added that MEDAF is going to establish number of financial easing companies in 2019.
MEDAF Investments Holding is a newly established and fast growing business group that offers cutting edge services to companies of all stripes around the world. It is partly owned by the powerful Kuwaiti Al-Raya United, is based in Egypt and is keen on revolutionising the fields of financial services, education, aviation and supply-chain management, primarily in Egypt but with an eye on Africa and the Middle East.
Earlier this month, MEDAF Investments-Egypt announced that it had bought a majority stake, at 26 percent, in Al-Thoraya Oil Refining Company.
Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.