Vodafone Egypt to obtain 20% stake in Ebtikar Holding electronic payment subsidiaries

EGYPT – Vodafone Egypt, the largest mobile network operator in Egypt, has signed a Memorandum of Understanding (MoU) with Ebtikar Holding for Financial Investments (Ebtikar), to obtain a 20% stake in the latter’s two electronic payment subsidiaries: Masrary and Bee. The MoU paves the way for Vodafone Egypt to participate in the two e-payment platforms’ capital subscription with a 20% stake. According to a press statement by Vodafone Egypt, this comes as part of the company’s strategy to increase its investments in Egypt and provide various digital payment services to…

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