The B2B fintech backs the Under-14 and Under-16 squads at NGSC with ambition to develop athletes towards the Egyptian National Basketball Championship
Swypex, an all-in-one B2B financial management platform, today announced a strategic partnership with Newgiza Sports Club (NGSC) to become the official sponsor of the club’s Under-14 and Under-16 Girls’ Basketball teams.
The sponsorship supports two squads at the youngest end of a structured development pathway. NGSC runs 12 sports and has set out an ambition of developing athletes capable of competing in the Egyptian National Basketball Championship.
Swypex chose girls’ teams deliberately. Egyptian women now outpace men in university enrollment, yet OECD research found that only 6% of firms in Egypt had a woman as top manager in 2022, compared to 15% globally. Swypex builds financial infrastructure for Egyptian businesses, and its customers include the women founders, chief financial officers, and finance leaders who occupy exactly the roles where that gap is widest. The company views backing young women’s ambition early as in line with the business it serves.
Commenting on the partnership, Ahmad Mokhtar, Co-Founder and Chief Executive Officer of Swypex, said: “We built Swypex to give Egyptian businesses the tools to grow, and many of those businesses are led by women. Sponsoring the Newgiza girls’ basketball teams is the same idea at a younger age. These players train with discipline and compete with ambition, and they deserve partners who invest in them early. We are proud to be that partner, on the court and beyond it.”
Reflecting on that, Eng. Khaled El-Shawarby, Chief Executive Officer of Newgiza Sports Club, said: “Our girls’ Basketball teams are one of the things we are most proud of. This partnership with Swypex goes beyond sponsorship; it reflects a shared commitment to empowering young athletes and supporting their growth both on and off the court. Together, we look forward to creating meaningful opportunities and unforgettable experiences for our players. We are delighted to welcome Swypex to the NGSC family.”
