Back to the complete issue
Wednesday, 24 October 2018

EAEF to invest USD 30 mn in Egypt this year

** #5 INVESTMENT WATCH- EAEF will commit some USD 30 mn to Egypt this year: The Egyptian American Enterprise Fund (EAEF) plans to invest an additional USD 30 mn this year in Egyptian SMEs, bringing its total investments in Egypt to date to USD 200 mn, US Chargé d’Affaires Thomas Goldberger said yesterday, according to Amwal Al Ghad. Goldberger did not provide further details.

US trade, investment delegation meets El Sisi: The announcement comes as a delegation of 44 US companies is in town to kick the tires on potential investments in Egypt. The delegation met yesterday with President Abdel Fattah El Sisi, Prime Minister Moustafa Madbouly and the ministers of investment and international cooperation, oil, health, agriculture, and ICT, according to an Ittihadiya statement. The delegation’s visit got airtime on Yahdoth fi Masr last night (watch here, runtime: 4:27 and here, runtime: 8:07).

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.