e-finance signs MoU with Libyan Finance Ministry to develop, digitise government transactions

e-finance Group for financial and digital investments signed a memorandum of understanding (MoU) with the Libyan Ministry of Finance to provide electronic payment services to the Libyan government and develop and manage the financial and accounting information systems in the ministry.

At its headquarters in Cairo on Sunday, e-finance received a Libyan delegation headed by Libyan Minister of Finance Khalid Al-Mabrouk aiming to learn about Egypt’s experience in developing and digitising the government’s financial system and transfer said experience to Libya.

The delegation was also briefed on e-finance’s experience in establishing a treasury single account (TSA), electronic payments, a collection centre, and a number of government transaction automation systems.

For his part, Al-Mabrouk praised e-finance’s efforts in spreading the culture of digital transformation, implementing projects, and the success of the partnership with the Egyptian Ministry of Finance in light of Libya’s constructive ties with Egypt.

He added that his ministry signed a cooperation agreement with e-finance Group to reform the public finance system in Libya by developing and managing the financial and accounting information systems in the ministry.