{"id":604872,"date":"2018-12-16T04:04:04","date_gmt":"2018-12-16T04:04:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/16\/pharos-to-launch-egypt-microfinance-company\/"},"modified":"2018-12-16T04:04:04","modified_gmt":"2018-12-16T04:04:04","slug":"pharos-to-launch-egypt-microfinance-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/16\/pharos-to-launch-egypt-microfinance-company\/","title":{"rendered":"Pharos to launch Egypt microfinance company"},"content":{"rendered":"

<\/a> Pharos to launch a microfinance venture in 1Q2019: <\/b>Our friends at Pharos Holding will expand into microfinance in 1Q2019, co-CEO Alaa El Afifi told Reuters<\/a>. The firm is planning to scale up the portfolio to EGP 600-800 mn in the first half and is also planning to grow its private equity business during the year. \u201cWe are going to take stakes in companies that allow us to manage or participate in the management,\u201d El Afifi said. Pharos\u2019 microfinance plans, which we had noted earlier this year, are part of a move into fintech and a potential venture into leasing. We have also recently had the pleasure of speaking with El Afifi for our weekly My Morning Routine feature. Take a look<\/a> at excerpts from the (almost) non-business related conversation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pharos to launch a microfinance venture in 1Q2019: Our friends at Pharos Holding will expand into microfinance in 1Q2019, co-CEO Alaa El Afifi told Reuters. The firm is planning to scale up the portfolio to EGP 600-800 mn in the first half and is also planning to grow its private equity business during the year. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[813,72,7087,242,311,595,758,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604872","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-al-ahly-pharos","tag-enterpriseam","tag-finance","tag-leasing","tag-microfinance","tag-non-banking-financial-services","tag-private-equity","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"daf828a1-7620-41e8-a051-abb5830f4e4f","order":"0","is_powered_by":true,"section_story_id":"b5451d37-3eb0-4574-9cad-d634b7caf990","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604856],"teaser":"","voice_url":""},"yoast_head":"\nPharos to launch Egypt microfinance company - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/16\/pharos-to-launch-egypt-microfinance-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pharos to launch Egypt microfinance company\" \/>\n<meta property=\"og:description\" content=\"Pharos to launch a microfinance venture in 1Q2019: Our friends at Pharos Holding will expand into microfinance in 1Q2019, co-CEO Alaa El Afifi told Reuters. The firm is planning to scale up the portfolio to EGP 600-800 mn in the first half and is also planning to grow its private equity business during the year. 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The launch is part of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630999,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/07\/pharos-appoint-el-afifi-as-md-and-co-ceo\/","url_meta":{"origin":604872,"position":1},"title":"Pharos appoint El Afifi as MD and Co-CEO","author":"enterpriseam admin","date":"7 March 2018","format":false,"excerpt":"MOVES- Pharos Holding announced appointing Aladdin El Afifi as Managing Director and Co-CEO. El Afifi joins Pharos with more than 18 years of financial investments and direct investments experience and has worked with Qalaa Holdings as Head of the company\u2019s investments in the Mining, Mining Industries and Solid Waste sectors.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564561,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/14\/the-guys-who-brought-you-speed-medical-are-now-getting-into-the-finance-industry\/","url_meta":{"origin":604872,"position":2},"title":"The guys who brought you Speed Medical are now getting into the finance industry","author":"enterpriseam admin","date":"14 February 2021","format":false,"excerpt":"Aton Holding has acquired Pharos Asset Management and its Pharos Fund I private equity back in mid-January for an undisclosed amount, Mostafa Attia, managing director of Pharos Asset Management and a founder at Aton, tells Enterprise. The transaction marks the first for Aton, which plans to raise Pharos Fund I's\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639148,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/pharos-holding-inaugurates-pharos-gulf-limited-in-dubai\/","url_meta":{"origin":604872,"position":3},"title":"Pharos Holding inaugurates Pharos Gulf Limited in Dubai","author":"enterpriseam admin","date":"23 October 2017","format":false,"excerpt":"Pharos Holding has opened an office (pdf) in Dubai, Pharos Gulf Limited. \u201cWe are confident that the diversified portfolio of services offered by Pharos in Egypt and now the UAE, is representative of, and will benefit, the growing financial and economic links between Egypt and the UAE, as well as\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/10\/2110.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":641443,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/beltone-acquisition-of-microfinance-player-reefy-is-still-on-could-take-place-in-1h2018\/","url_meta":{"origin":604872,"position":4},"title":"Beltone acquisition of microfinance player Reefy is still on, could take place in 1H2018","author":"enterpriseam admin","date":"24 September 2017","format":false,"excerpt":"M&A WATCH- Beltone Financial\u2019s acquisition of microfinance firm Reefy is still on andwill take place in 1H2018, Beltone chairman Sameh El Torgoman told Al Masry Al Youm on Saturday. Beltone\u2019s planned EGP 105 mn acquisition of 70% of Reefy had been put in question last week when El Torgoman suggested\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564172,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/","url_meta":{"origin":604872,"position":5},"title":"And Egypt\u2019s first microleasing license goes to...","author":"enterpriseam admin","date":"15 August 2021","format":false,"excerpt":"Tasaheel acquires Egypt\u2019s first microleasing license: Micro lender Tasaheel was today granted the first license for microfinance leasing in the Egyptian market by the Financial Regulatory Authority (FRA), a source at the regulator told Enterprise today. 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