Our friends at EFG Holding plan to invest EGP 4 bn in Egypt this year, Samer Yassa, private equity director at the company’s investment banking firm EFG Hermes, is quoted as telling Asharq Business. The company plans to invest EGP 2 bn in a new SME-focused fund and EGP 2 bn in healthcare and education, a company representative clarified to us yesterday.

More details on the fund:The firm plans to launch the SME fund in 4Q this year and is currently fundraising from local and international financial institutions. It will invest in companies operating in the import and export industries, food, tech, healthcare, and education.

Acquisitions on the way: EFG Hermes’ private equity arm is close to closing two transactions in the healthcare and education sectors, Yassa said, without disclosing further information.

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