Tanmiya Capital Ventures was established in 2016 and owns stakes in five companies, including Abu Auf and Misr Foods. Shousha added that the total investment portfolio of the EAEF in the Egyptian market is about $500m. Shousha explained that the fund invests in various sectors, including financial services such as Contact and Fawry companies, healthcare, and education. The EAEF is a private investment fund established by the US Congress in 2011 to support the private sector in Egypt. The fund has so far invested in 129 companies with the support of five money managers for the first time, and its investment portfolio supports 40,000 jobs across Egypt.

Source: Daily News Egypt May 24, 2023 05:47 UTC