Cairo – Mubasher: e-finance for Digital and Financial Investments has teamed up with Egypt’s Universal Health Insurance Authority (UHIA) to launch a technology and digital solutions company, dubbed e-Health.

e-Health will provide services for the health insurance sector in Egypt, having a paid-up capital of EGP 100 million, according to a bourse statement on Wednesday.

The new arm aims to manage the tech services of Egypt’s national plan of the universal health insurance (UHI) system, which is expected to cover more than 100 million citizens by the next 10 years.

In addition, e-Health will provide tech support to the UHIA and other medical authorities in Egypt. It will also boost the health insurance sector’s artificial intelligence (AI) services, data monitoring, and other integration services.

It is worth mentioning that the listed company e-finance owns 35% of e-Health’s shares, minus one share. Meanwhile UHIA holds a 50% stake in the digital solutions firm, plus one share.