{"id":669920,"date":"2025-08-11T00:00:00","date_gmt":"2025-08-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/11\/lorax-capital-partners-led-consortium-acquires-africinvests-entire-mdp-stake-plus-genesis-opens-first-egypt-showroom-fawry-partners-with-forsa\/"},"modified":"2025-08-11T00:00:00","modified_gmt":"2025-08-11T00:00:00","slug":"lorax-capital-partners-led-consortium-acquires-africinvests-entire-mdp-stake-plus-genesis-opens-first-egypt-showroom-fawry-partners-with-forsa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/11\/lorax-capital-partners-led-consortium-acquires-africinvests-entire-mdp-stake-plus-genesis-opens-first-egypt-showroom-fawry-partners-with-forsa\/","title":{"rendered":"Lorax Capital Partners-led consortium acquires AfricInvest\u2019s entire MDP stake. PLUS: Genesis opens first Egypt showroom, Fawry partners with Forsa"},"content":{"rendered":"<p class=\"tag-border-left\">M&amp;A- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A consortium led by Lorax Capital Partners has acquired AfricInvest\u2019s entire <\/strong><strong>stake in payment cards manufacturer Masria Digital Payments (MDP<\/strong>), according to a joint <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/587.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> from MDP, AfricaInvest and sell-side advisor EFG Hermes. Lorax\u2019s acquisition bid was backed by the European Bank of Reconstruction and Development, International Finance Corporation, and the French Development Agency\u2019s Proparco.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cThis transaction marks a pivotal moment in MDP\u2019s journey. EFG Hermes has been a key advisor to MDP since 2020, when it supported the entry of AfricInvest into the company. Their deep knowledge and consistent support over the years have been instrumental in helping us attract strategic investors and navigate major milestones. This transaction reflects the strong foundation we\u2019ve built together and sets the stage for continued growth and innovation in digital payments across the region,\u201d MDP CEO Ahmed Nafie said.<\/p>\n<p class=\"tag-border-left\">AUTOMOTIVE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hyundai\u2019s luxury vehicle brand Genesis has opened its first showroom in <\/strong><strong>Egypt<\/strong> in New Cairo\u2019s District 5 in partnership with GB Auto, the Korean auto maker said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/GenesisMEA\/posts\/genesis-opens-its-first-showroom-in-egypt-marking-a-new-milestone-in-the-brands-\/747692401347577\/\" style=\"\" rel=\"noopener\">statement<\/a>. News of Genesis\u2019 official entrance into the Egyptian market <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7ac22734-2e1b-4bbd-9ba0-0d6346c36429\/gb-brings-genesis-to-egypt-+-maneast-may-assemble-soueast-here-in--2027\" style=\"\" rel=\"noopener\">first broke last month<\/a> with news that GB Auto would launch three new electric models and a showroom at an investment cost of EGP 100 mn.<\/p>\n<p class=\"tag-border-left\">FINTECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fawry<\/strong><strong> has partnered with fintech mobile application Forsa to provide BNPL <\/strong><strong>and installment services through Fawry\u2019s point-of-sale machines, <\/strong>the e-payments provider said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/577.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The partnership with the subsidiary of GB Capital\u2019s Drive Finance will provide the service to all of Fawry\u2019s 395k+ point-of-sale machines nationwide.<\/p>\n<p class=\"tag-border-left\">INVESTMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors from Zhejiang \u2014 China\u2019s third-largest economic province \u2014 are eyeing USD 80 <\/strong><strong>mn in Egyptian projects<\/strong>, targeting ready-made garments and logistics, Egyptian Businessmen\u2019s Association\u2019s China Committee head Ahmed Ezz told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/08\/09\/1906976\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lorax\u2019s acquisition bid was backed by the EBRD, International Finance Corporation, and the French Development Agency\u2019s Proparco<\/p>\n","protected":false},"author":1,"featured_media":669921,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[2157,111,144,84,72,519,183,6543,9271,125,4053,7201],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-669920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-africinvest","tag-also-on-our-radar","tag-automotive","tag-efg-hermes","tag-enterpriseam","tag-fawry","tag-fintech","tag-gb-corp","tag-hyundai","tag-investment-watch","tag-lorax-capital-partners","tag-masria-digital-payments","wpautop","entry"],"acf":{"mongo_id":"59e88938-e35b-408f-ac0b-9182964c9f8e","order":"11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/993.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Lorax Capital Partners-led consortium acquires AfricInvest\u2019s entire MDP stake. PLUS: Genesis opens first Egypt showroom, Fawry partners with Forsa","related_issue":[669902],"teaser":"Lorax\u2019s acquisition bid was backed by the EBRD, International Finance Corporation, and the French Development Agency\u2019s Proparco","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.48b95a92-ec99-42d2-a107-fa85e8660f71.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lorax Capital Partners-led consortium acquires AfricInvest\u2019s entire MDP stake. PLUS: Genesis opens first Egypt showroom, Fawry partners with Forsa - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/11\/lorax-capital-partners-led-consortium-acquires-africinvests-entire-mdp-stake-plus-genesis-opens-first-egypt-showroom-fawry-partners-with-forsa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lorax Capital Partners-led consortium acquires AfricInvest\u2019s entire MDP stake. 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