ADSERO Advises TSFE Establish JV with Etisalat Egypt, Launching New FinTech Company “Erada Microfinance”

We are pleased to announce that we assisted The Sovereign Fund of Egypt (TSFE) in establishing Joint Venture with Etisalat Egypt by e& to launch the new company Erada Microfinance with the goal of providing access to a wide range of financial services to micro and small enterprises.  

The partnership is in line with Egypt’s Vision 2030 of supporting financial inclusion and creating opportunities for the youth through providing innovative financial services and digitally enabled lending products.

Our team was led by Hossam Gramon, Partner, Head of Banking & Project Finance, Ahmed Adib, Counsel, assisted by Farida Banany, Managing Associate and Aya Badr, Associate.

For more information, you can check Zawya’s coverage here.