Egypt Post purchased EGP 8.9 billion worth of shares in seven companies listed on the Egyptian Exchange (EGX) from the National Investment Bank (NIB).

The Insurance Federation of Egypt (IFE) has signed three separate memoranda of understanding (MoUs) with each of Egypt Post, e-Finance, and the General Arab Insurance Federation (GAIF) to support the insurance industry.

Post for Investment, the investment arm of Egypt Post, is expected to see over EGP 2.4 billion in business within the next two years.

Minister of Communications and Information Technology Amr Talaat has appointed Abdo Sayed Ali Hassan Elwan as the acting Chairman of Egypt Post.

The disbursed pensions via Egypt Post’s branches have witnessed a 22.6% climb in FY2022/2023, reaching a total of EGP 140.5 billion, compared to EGP 114.6 billion worth of pensions disbursed in FY2021/2022.

Post for Investment, affiliated with Egypt Post, is working to establish a new asset management company under the name PFI, with an expected investment of EGP 5 billion within a year.

The National Organization for Social Insurance (NOSI) has signed a cooperation protocol with Egypt Post to facilitate payment procedures for NOSI via the latter’s offices across the country

Egypt Post is planning to make new direct investments worth EGP 6 billion in 2024, Chairman Sharif Farouk said.

Egypt Post has signed a cooperation protocol with the online lending marketplace Qardy, allowing small and medium-sized enterprises (SMEs) to access the latter’s services via post offices across the country.

Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed an agreement with Egypt Post to support micro, small, and medium-sized enterprises (MSMEs).