MOVES- Fawry MD resigns to set up USD 25 mn fintech investment fund: Mohamed Okasha has resigned from his position as managing director of e-payments platform Fawry, according to a regulatory filing (pdf). Okasha has plans to head a USD 25 mn early stage fintech investment fund once the fallout from the covid-19 outbreak begins to cool, he told the local press. Fawry CEO Ashraf Sabry will act as interim MD following Okasha’s departure. Reuters also covered the news.

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