FEP Capital to set up EGP 350-400 mn private equity fund to invest in startups

FEP Capital plans to establish a EGP 350-400 mn private equity fund to invest in startups, CEO Mahmoud Khalifa says, Al Mal reports. This fund is separate from another USD 100 mn fund FEP Capital plans to set up for investments in the food, health, and education sectors and idle factories.