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Monday, 1 March 2021

When private equity meets ESG

Catalyst, UNDP to boost impact investing in Egypt: A pool of “investment-ready” SMEs will have access to tools designed to help them measure their environmental and social impacts, as part of a partnership between Egyptian private equity firm Catalyst and the UN Development Program, according to a UNDP statement. The two organizations will work together to create “a practical impact measurement manual and a user-friendly digital platform,” the statement says. The partnership is designed to channel more investment into sustainable Egyptian businesses. Egypt obtained USD 9.9 bn in development financing last year to meet its 2030 SDGs, including USD 6.7 bn for government-led projects and USD 3.2 bn to the private sector.

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