The healthcare sub-fund of The Sovereign Fund of Egypt (TSFE) and B Investments company have entered into a partnership with El-Ezaby pharmacy chain to launch a new venture tasked to provide business-to-business (B2B) services in the Egyptian pharmaceutical sector, Ahram Online reports. EZ International will serve over 500 pharmacies in Egypt, starting with more than 250 branches affiliated with El-Ezaby per the communique. The new company’s launch will be funded by increasing the capital of TSFE and B Investments by an undisclosed amount. The Arab country is aiming to raise the private sector’s share in the national economy to 65 percent, up from the current 30 percent. The sector projects the exports to increase by five percent every year in the next three years.

Source: The North Africa Journal May 09, 2023 12:30 UTC