INVESTMENT WATCH- Sanad, Green for Growth have earmarked USD 250 mn to invest in Egypt in 2021: The Sanad Fund and the Green for Growth Fund (GGF) have USD 250 mn to commit to Egyptian SMEs and renewable energy projects in 2021, said Mohamed Morsy, Egypt manager of impact investor Finance in Motion — a consultant to both funds in Egypt — according to Masrawy. The funds have so far made combined commitments of USD 180 mn this year, which Morsy expects to come in just over USD 200 mn by the end of the year, in cooperation with local financing institutions and development agencies to support the Egyptian economy as it grapples with covid-19.

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