INVESTMENT-

Proparco invests in Disruptech: Proparco, the private-sector investment arm of the French Development Agency (AFD), has committed USD 5 mn to Disruptech Ventures’ early-stage fintech fund, it said in a statement yesterday. The fund has so far secured USD 36 mn in investments from various DFIs and investment funds, including USD 5 mn from the International Finance Corporation.

Disruptech has so far deployed 40% of its capital in tech startups, including Brimore, Cassbana, Fatura, Gahez, Khazna, MNT Halan and Mozare3.

DIPLOMACY-

US congressional delegation in Cairo:President Abdel Fattah El Sisi and Shoukry met in Cairo talks with a bipartisan US congressional delegation last week. The delegation was led by Rep. Michael McCaul (Republican of Texas), who was in town for the Global Counterterrorism Forum, co-hosted by Egypt and the European Union. McCaul is chairman of the House Committee on Homeland Security.

Tags: