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EFG Hermes net profit records EGP 200 m in Q2 2018

EFG Hermes, financial services corporation in Frontier Emerging Markets (FEM), reported today its results in the second quarter (Q2) of 2018, recording a net profit after tax and minority interest of EGP 200m on revenues of EGP 1,004m. Adjusting for one-off gains related to the sale of a stake in Credit Libanais realised in the …

Daily News Egypt

EFG Hermes acquires Nigeria’s Primera Africa

EFG Hermes has entered into a definitive sale and purchase agreement (SPA) to acquire 100% of Primera Africa, a top-ranked brokerage house in Nigeria. Upon completion of the acquisition, Primera Africa will operate under EFG Hermes’ brand name. “Nigeria is our fourth direct entry as we continue our strategy of expanding our geographic footprint in …

Daily News Egypt

EFG Hermes to enter Nigeria via acquisition of Primera Africa

EFG Hermes, a financial services corporation in frontier and emerging markets (FEM), has entered into a definitive sale and purchase agreement (SPA) to acquire 100% of Primera Africa, a top-ranked brokerage house in Nigeria, according to a press statement on Thursday.   The statement said that EFG Hermes will utilise its presence in Nigeria to serve …

Daily News Egypt

EFG Hermes concludes advisory role for GBP 125mn IPO on London Stock Exchange

EFG Hermes, a leading financial services corporation in frontier and emerging markets (FEM), concluded its advisory role to international microfinance lender ASA International (ASAI) on its GBP 125m initial public offering (IPO) on the London Stock Exchange (LSE). With a 12-country footprint spanning Asia and Africa, ASAI is one of the world’s largest private-sector microfinance …

Daily News Egypt

EFG Hermes named top frontier markets brokerage firm in Extel Survey 2018

EFG Hermes was ranked as the number one frontier market brokerage firm in the Extel Survey 2018, advancing from ninth place last year, according to a Monday press statement. The financial services corporation was previously named the top Africa Ex-South Africa Equities House at the Financial Mail Top Analyst Awards 2018. “Coming on the heels …

Daily News Egypt

EFG Hermes partners with GEMS Education to build K-12 education platform

EFG Hermes announced on Sunday that it is entering into an exclusive partnership with Global Education Management Systems (GEMS Education), one of the world’s leading providers of private English-language education for students from kindergarten to 12th grade (K-12), to jointly establish a new platform focused on Egypt’s K-12 education sector. The new platform aims to …

Daily News Egypt

Egypt’s economy will harvest reform fruits in 2018: EFG Hermes

Proposals are still small, we hope for return of emerging market funds this year, says Ebeid We will manage three proposals in Egypt; industry, consumption most attractive for mergers, acquisitions, says Gad Corporate profits grew 70% last year, Egyptian stock prices most attractive for investors, says Shams We study opportunities in regional energy sector; Egypt …

Mahmoud El-Qassas

Implementing partnership between Native Markets and Intro Investments Holding in Egypt

The leading financial and investment corporation in the Middle East and North Africa, EFG-Hermes, announced that the promotion and underwriting sector has acted as an advisor to implement the strategic partnership between Intro Investments Holding Ltd and Native Markets Ltd in the Egyptian market. This partnership will lead to the acceleration of Native Markets’ growth …

Nihal Samir