Egyptian digital payment provider e-finance and UK-based Cassava Technologies have signed an agreement to explore joint expansion and collaboration opportunities across Africa, aiming to advance innovative digital solutions, Arab Finance reported on November 27.
The partnership, formalised during the 28th Cairo ICT Exhibition and Conference, seeks to enhance digital offerings in Egypt while introducing cutting-edge solutions across the continent.
According to the agreement terms, Cassava will contribute its extensive infrastructure and pan-African expertise, spanning fibre networks, satellite communications, data centres, fintech, artificial intelligence, and cybersecurity. Meanwhile, e-finance will draw on its leadership in Egypt’s digital transformation and fintech sectors, having developed the country’s digital payments infrastructure since 2005.
The collaboration is designed to support digital economies and financial inclusion initiatives both in Egypt and across Africa.
E-finance partners with various stakeholders to implement large-scale digital projects, such as modernising financial services, enabling electronic payments, and supporting various economic initiatives.
Related Articles
Cassava launches Africa’s first telecom AI exchange linking OpenAI, Google and Anthropic
Cassava Technologies, a pan-African technology and telecoms infrastructure firm, has unveiled the Cassava AI Multi-Model Exchange (CAIMEx) — a platform designed to give African mobile-network ... more
Burkina Faso reaches IMF staff-level deal on ECF review and $122.7mn climate facility
The International Monetary Fund (IMF) and Burkina Faso have reached a staff-level agreement on economic and financial policies under the fourth review of the Extended Credit Facility (ECF) and a ... more
Nigeria seizes record 1-tonne cocaine shipment worth $15mn at Lagos’ Tin Can Port
Nigeria’s National Drug Law Enforcement Agency (NDLEA) has intercepted 1,000kg (1 tonne) of cocaine concealed inside a shipping container at Tin Can Island Port in Lagos, in what officials ... more