Egypt, European Bank discuss ‘equity investment

The European Bank for Reconstruction and Development (EBRD) and the Egyptian Private Equity Association (EPEA) have concluded discussions about the North African financial institution’s approach to investing in private equity funds in Egypt.
An official statement issued here Wednesday on the outcome of the forum said developing and promoting the private equity industry is one of the Bank’s focus areas in Egypt; as this market is beginning to re-emerge but is still in the early stages of development.

Attended by over 60 professionals, including established as well as potential first-time fund managers, the roundtable focused on best practices and promoting private equity as a financing tool. The meeting also helped increase awareness of the EBRD’s activities related to investment in private equity funds.

The statement said since the EBRD began working in Egypt in 2012, it has committed over 762 million to 24 projects across a wide range of sectors. The Bank has also facilitated direct technical assistance through its Small Business Support’ programme, which to date has benefited approximately 185 Egyptian SMEs.