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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).

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