2022 was a difficult year for Egypt. The Russian invasion of Ukraine had a significant impact on Egypt’s economy, impacting tourism revenues and increasing food prices. Following the invasion, Egypt saw $20 billion in foreign outflows, which resulted in a foreign currency shortage. Over the past year, the Egyptian pound declined from approximately 15 to 1 to 30 to 1. Read More >

View and download the EAEF 2022 Annual Letter to Congress here.

The Egyptian-American Enterprise Fund (“EAEF”) welcomes the announcement that the International Monetary Fund (“IMF”) has reached a staff level agreement with Egypt on a comprehensive economic reform program that will be supported by a $3 billion, 46-month extended fund facility arrangement. According to the IMF, the agreement will seek to broaden Egypt’s structural and governance reforms to “unleash private sector growth.”

View and download here.

View and download our 2021 Impact Report here.

As we enter the third year of the COVID-19 pandemic and countries around the world struggle to adapt to new economic disruptions, Egypt is one of only a few emerging market countries to maintain positive GDP growth in 2019-2020 and 2020-2021.

Download the PDF Press Release > PRESS RELEASE FOR IMMEDIATE RELEASE December 30, 2021 THE EGYPTIAN-AMERICAN ENTERPRISE FUND ANNOUNCES PROMOTION OF NEW… Read More

View and download here.

View and download the report here.

Download the PDF Press Release > PRESS RELEASE FOR IMMEDIATE RELEASE August 23, 2021    THE EGYPTIAN-AMERICAN ENTERPRISE FUND SELLS STAKE IN PART… Read More

The Egyptian-American Enterprise Fund (EAEF) announced today the release of its 2020 impact report highlighting the fund’s COVID-19 response and efforts to support Egypt’s private sector. EAEF developed the report in collaboration with Pacific Community Ventures (PCV), a leading impact investing research and advisory firm.

Download the PDF Press Release > PRESS RELEASE FOR IMMEDIATE RELEASE February 16, 2021 NEW YORK, NY, February 16, 2021—The Egyptian-American Enterprise… Read More

It has been nearly a year since the coronavirus took over our lives and words like “quarantine”,
“mask” and “lockdown” became part of our everyday vocabulary. We are finally seeing the light
at the end of the tunnel, and as vaccine rollouts in several countries continue, we are cautiously
optimistic that we will go back to some level of normalcy later this year.

Please join our webinar on December 8 to learn more about our work in Egypt and hear from two of the country’s leading CEOs, Ashraf Sabry of Fawry, the country’s largest e-payments platform and Magda Habib of Dawi Clinics, a leading chain of medical clinics.

As the global pandemic continues to evolve and impact lives everywhere, I want to update you
on EAEF’s efforts to support and develop the Egyptian private sector during this difficult time.

The Egyptian-American Enterprise Fund (“EAEF”) announced today a co-investment with Ezdehar Management, a leading Egypt-based private equity firm, of a minority stake in Al-Tayseer Healthcare Group (“THG”) in Egypt.

The Egyptian American Enterprise Fund (“EAEF”) announced today a $50 million investment in Lorax Capital Partners (“LCP”) Fund II. LCP, EAEF’s long-term partner on the ground, has raised $142 million for their first, independent private equity fund.

View and download here.

Read the coverage about Dawi in the Financial Times.