Orascom Investment looks to invest EGP 10 bn in four major sectors over 2 years

INVESTMENT WATCH- Naguib Sawiris’ Orascom Investment Holding aims to invest EGP 10 bn in four sectors within two years,Group CEO Tamer El Mahdi said. The company is looking at opportunities in real estate, consumer, logistics and non-banking financial services, he said. OIH’s board of directors approved last week a USD 170 mn facility from the African Export-Import Bank (Afreximbank), and the company is actively seeking a substantial non-majority stake in consumer- and structured-finance player Sarwa Capital. OIH is the parent company of Beltone Financial.