Algebra Ventures promotes Laila Hassan and Omar Khashaba to managing partners

Our friends Laila Hassan (LinkedIn) and Omar Khashaba (LinkedIn) have been promoted to managing partners at Algebra Ventures, as the venture capital firm prepares for the “next phase of growth.” The promotion was announced during Algebra's 10-year anniversary celebration attended by EnterpriseAM, alongside a global network of investors, founders, LPs, policymakers, and ecosystem leaders. The duo joined the venture capital firm a few years back to help launch its second USD 100 mn fund, expanding the leadership into a four-partner platform alongside co-founders Tarek Assaad and Karim Hussein.

ALSO- General Motors tapped Rohan Fernandes (LinkedIn) as its new managing director for Egypt and Africa, the automaker said in a statement. Fernandes, who currently serves as the managing director of commercial operations for Africa and the Middle East, will begin the leadership transition on 1 June, succeeding Sharon Nishi (LinkedIn), who will retire at the end of August after a 40-year career with the company.