The Sovereign Fund of Egypt (SFE) has reportedly tapped former Central Bank of Egypt Governor Farouk El Okda to join the SFE’s board of directors, El Watan reports, citing unnamed Planning Ministry sources. El Okda joins the board as the SFE plans to launch new sub-funds and moves ahead with other investment plans, including revamping the Mogamma.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
Why EGX stocks are going under the IPO wave
Fund managers are releasing liquidity for ongoing and future IPOs,…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…