SINGAPORE, July 18, 2025 /PRNewswire/ — Over the past two months, EFGH has significantly expanded its African footprint, establishing legal entities in the Democratic Republic of the Congo (DRC), Zambia, and Ghana.
Africa boasts a population of 1.5 billion individuals, with a median age of 19 years and a high level of digital and mobile device adoption.
Leveraging its distribution expertise and cutting-edge smart technology, particularly its AI capabilities, EFGH has introduced micro insurance, micro lending, and micro investment services to the informal economy, which accounts for 82% of employment. This strategic approach has been bolstered by collaborative partnerships across the continent.
In tandem with its growth initiatives, EFGH has welcomed key investors and partners who share its vision and have contributed to its ongoing expansion.
Dennis Ng, Executive Chairman of EFGH, expressed his enthusiasm for the partnership, stating, “We’re thrilled to collaborate with Wilf, who initially served as Non-Executive Chairman of our Global Advisory Board and has now become a strategic investor in our growth plans. This partnership reinforces our confidence in our accelerated expansion strategy.”
Wilf Blackburn, Chairman of the Global Advisory Board, echoed Ng’s sentiments, noting, “EFGH is rapidly expanding its presence in Africa, a continent with exciting demographic potential. Given EFGH’s strategic distribution approach, I’m eager to be part of this journey and am pleased to now step in as a strategic investor.”
EFGH’s primary focus remains on safeguarding the informal economy, boosting insurance penetration rates across the continent, and creating employment opportunities in key sectors.
For more information about Embed Financial Group Holdings, visit https://efgh.xyz
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