Ex-AOI boss made military production minister after Al Assar death

MOVES- Shehab Marzban (LinkedIn) has resigned as chairman of government-owned venture capital fund Egypt Ventures and is joining Beltone Financial, where he will lead a new VC platform. Marzban had founded Egypt Ventures back in 2017.

MOVES- Major General Mohamed Ahmed Morsi was sworn in as Egypt’s new military production minister on Saturday, succeeding the late Lieutenant General Mohammed Al Assar, who passed away earlier this month, Ittihadiya said on Sunday. Morsi was previously the general director of the Arab Organization for Industrialization and the director of the Armed Forces’ armored vehicle weapon department, according to Youm7.