In a high-profile event recognizing key players in Egypt’s economic reform journey, the Ministry of Finance, in collaboration with the Egyptian Tax Authority (ETA), honored several leading institutions—including Huawei Egypt, Talaat Moustafa Group, the National Bank of Egypt (NBE), and Banque Misr—for their exceptional commitment to tax compliance and support of the state’s efforts to modernize the national tax system.
The awards were presented at the inaugural “Shukran” (Thank You) Conference, which brought together top officials from both public and private sectors. The event also highlighted the preliminary outcomes of Egypt’s new tax facilitation and incentives package, which forms a core pillar of the government’s broader Vision 2030 strategy.
Among the attendees was Rasha Abdel Aal, ETA Chairperson, within the Ministry of Finance, underscoring the event’s importance and institutional weight.
Huawei Egypt Recognized for 25 Years of Economic Contribution
Huawei Egypt was the first Chinese enterprise to receive the Ministry’s “Tax Compliance” Certificate of Appreciation, accepted by CEO Benjamin Hou. The award reflects Huawei’s proactive role in strengthening Egypt’s digital infrastructure, advancing sustainable development, and upholding tax transparency.
“This recognition underscores our steadfast commitment to supporting Egypt’s growth and digital transformation,” said Hou. “We remain focused on contributing to Egypt’s sustainable economic growth and national development agenda through technology and innovation.”
Huawei’s award also celebrates its 25th anniversary in Egypt and its long-standing partnerships with public institutions to develop ICT talent and build Egypt’s capacity as a regional technology hub.
TMG , NBE, and Banque Misr Celebrate Recognition
Also receiving high honors were Talaat Moustafa Group (TMG), NBE, and Banque Misr, commended for their support of tax system modernization and active engagement with government-led reform efforts.
Dr. Tarek El-Naggar, Executive Vice President of the Financial Sector at TMG, accepted the award on behalf of CEO Hisham Talaat Moustafa, emphasizing the group’s deep national responsibility:
“This honour reflects our ongoing commitment to transparency and stability in Egypt’s tax ecosystem, which is essential for attracting both domestic and foreign investment.”
El-Naggar also cited Egypt’s improved ranking in the latest UNCTAD report, where Egypt was placed first in Africa and ninth globally for attracting foreign direct investment (FDI)—a success he attributed in part to the reforms undertaken by the Ministry of Finance.
Celebrating Compliance and Trust
The “Shukran” Conference aimed to celebrate not just tax payments but the strategic partnerships forged between the government and responsible private sector actors. It provided a platform to showcase the early success of Egypt’s latest tax facilitation laws and the modernization of digital services at tax offices nationwide.
Finance Minister Ahmed Kouchouk emphasized that these recognitions signal a new era of collaborative governance, where economic development is a shared responsibility between state institutions and compliant, forward-looking businesses.
Huawei, TMG, NBE, and Banque Misr were spotlighted as models of corporate citizenship, paving the way for other entities to actively participate in Egypt’s reform process.
