Beltone Financial has been tapped to manage a EGP 5 mn fund launched by Banque Misr, whose proceeds will be used by the Youth Ministry to develop sports facilities and stadiums and youth programs, the government said in a press release on Sunday (pdf). Beltone hopes to raise EGP 250 mn in subscriptions to the fund, with an eye to increasing that to EGP 1 bn over three phases in the coming 18 months.

Tags: