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Sunday, 25 July 2021

Former investment minister Sahar Nasr joins Allianz Egypt board

Allianz Egypt’s board of directors now includes former Investment Minister Sahar Nasr (LinkedIn), the ins. company said in an emailed statement (pdf). The step is in line with the Financial Regulatory Authority’s push to increase the number of women in leadership positions in Egypt’s business community. Nasr is also the former lead economist in the World Bank’s Finance and Private Sector Development Department of MENA, in addition to being the regional program manager for the Micro, Small and Medium Enterprises (MSME) in the MENA region. She also served as governor of Egypt at the World Bank and the European Bank for Reconstruction and Development (EBRD).

Mona Zulficar (bio) has been appointed as president of the Egyptian Federation for Financing Medium, Small and Micro Projects for a four-year term ending in 2025, according to a statement. Zulficar has led the Egyptian Microfinance Federation since 2015 and chairs the Al Tadamun Microfinance Foundation. Zulficar has been the founder and chairwoman of Zulficar & Partners since 2009, and is also the non-executive chairwoman of EFG Hermes and EFG Foundation for Social Development.

Ismailia National Food Industries (Foodico) has reshuffled its board, appointing Amr El Shobokshi as chairman, Mohamed Abdel Alim as vice chairman, and Mahmoud Abdel Hamid as managing director, the company said in a disclosure (pdf) to the EGX.

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