At the EU-Egypt Investment Conference in Cairo the European Investment Bank today confirmed support for a new USD 350 million regional private sector investment fund managed by SPE Capital. The new business investment is expected to help create over 10,000 new skilled jobs, contributing to sustainable economic development across Egypt and the broader North African region. The fund will provide critical risk capital and managerial expertise to support the growth and internationalisation of local companies. “The EIB’s support for this fund underscores our dedication to fostering economic growth and job creation in Egypt and the region. The European Investment Bank is committed to fostering sustainable economic growth and job creation in North Africa.

Source: The North Africa Journal July 02, 2024 12:35 UTC