CI Capital has a new non-executive chairman at the helm: CI Capital has appointed Ahmed Issa as non-executive chair of the company’s board of directors representing Banque Misr, the firm said in a statement (pdf). The executive board member and deputy CEO of Banque Misr and former tourism minister succeeded Mohamed El Etreby as Banque Misr’s representative — El Etreby and Hisham Okasha at the National Bank of Egypt last month swapped chief executive officer positions at the two banks.

Aly El Shalakany has been appointed Africa-focused VC firm 54 Collective’s managing director for Egypt and North Africa, according to the firm. El Shalakany is a familiar face in the local VC scene as a managing partner of Acasia Ventures for the past four years. The appointment comes as the firm works to set up an office in Egypt, the company said in a note seen by Enterprise.

Get to know him better: We spoke to El Shalakany back in 2019 for our My Morning Routine column.

Tags: