Back to the complete issue
Sunday, 4 April 2021

Catalyst Partners, UNDP launch EGP 500 mn fund to support Egyptian SMEs

Egyptian SMEs will have access to a new EGP 500 mn impact investment fund that Catalyst Partners is setting up after signing an MoU with the United Nations Development Programme (UNDP), according to Al Mal. There are no further details available on how the fund will classify “impactful” businesses. The fund will be established with unnamed Egyptian and Gulf partners and UNDP’s participation in the fund will support creating new standards for development, Catalyst Partners Managing Director Abdelaziz Abdel Nabi said at a presser after signing the agreement, reports Al Mal in a separate story.

This isn’t their first impact investment rodeo: Catalyst and the UNDP cooperated earlier this year to create a toolkit for “investment-ready” SMEs to help them measure their environmental and social impacts. The partnership was designed to channel more investment into sustainable Egyptian businesses.

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 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; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.