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March 2011
March 1

President Barack Obama and the U.S. Department of State champion an initiative to establish EAEF

December 2011
December 1

U.S. Congress passes legislation to form EAEF and seed the fund with up to $300 million

May 2012
May 2012
May 1

James Harmon is appointed Chairman of EAEF

March 2013
March 1

The EAEF-USAID grant agreement is signed

July 2015
Lorax Capital Partners
July 1

EAEF selects LCP as its primary investment advisor

September 2015
September 2015
September 1

EAEF leads a consortium of international investors to finance the $100 million acquisition of Fawry, the largest electronic payments service company in Egypt

November 2015
November 2015
November 1

EAEF acquires a majority stake in Sarwa Capital, today known as Contact Financial, the largest non-banking, consumer finance company in Egypt

June 2016
June 2016
June 1

EAEF invests $1.2 million in Smart Medical Services, a healthcare-tech startup

December 2016
December 2016
December 1

EAEF invests $10 million in Egypt’s largest VC firm, Algebra Ventures, a fund supporting the launch of Egyptian tech start-ups

April 2017
April 1

EAEF invests $10 million in Tanmeya Capital Ventures, a first-time PE firm focused on small- to medium-sized enterprises

October 2017
October 2017
October 1

EAEF invests EGP 10 million ($0.6 million) alongside Egypt Ventures and the International Finance Corporation in regional start-up accelerator Flat6Labs’ new EGP 100 million Cairo Fund, which will directly support 100 early-stage start-ups over five years

December 2017
December 1

EAEF acquires a significant minority stake in Orchidia, Egypt’s leading manufacturer of generic eye medicine

November 2018
Dawi
November 1

EAEF invests $3 million in woman-led healthcare start-up Dawi Clinics, a chain of clinics providing comprehensive medical services

February 2019
February 2019
February 1

EAEF invests in Misr Hytech Seed International, the leading producer of proprietary corn seeds in Egypt, as part of a consortium that includes Helios Investment Partners, a leading pan-African PE firm

March 2019
NIS Advanced Education Logo
March 1

EAEF invests in Nermien Ismail Schools Group, a leading K-12 private school developer and operator in Egypt

August 2019
August 2019
August 1

EAEF becomes signatory to the International Finance Corporation (IFC) -led Operating Principles for Impact Management, a new market standard for impact investing

August 2019
August 1

EAEF sells part of its stake in Fawry’s IPO

December 2019
December 1

DEC EAEF commits additional $30 million to TCV

March 2020
March 1

WHO declares COVID-19 a pandemic

April 2020
April 1

EAEF commits additional $1 million to Flat6Labs Cairo

May 2020
May 2020
May 1

EAEF invests in Hassan Allam Utilities, an investment platform for power, renewables, and water-related opportunities in Egypt

June 2020
June 1

IMF approves $5.2 million financing for Egypt in response to COVID-19

July 2020
July 2020
July 1

EAEF invests in Abu Auf, Egypt’s largest specialty retailer

September 2020
September 2020
September 1

EAEF co-invests in Al-Tayseer Healthcare Group, the largest healthcare provider in the Nile Delta region

September 2020
September 1

EAEF commits $50 million to the first independent fund of its long-time investment advisor, Lorax Capital Partners

February 2021
February 1

EAEF lends $10 million to Fawry Microfinance to support micro, small and medium-sized companies impacted by COVID-19

October 2021
October 1

EAEF commits $15 million to Algebra Ventures Fund II and $20 million to Ezdehar Management Fund II

February 2022
February 1

Russian invasion of Ukraine begins

November 2022
November 1

Egypt hosts COP-27 Conference

November 2022
November 1

EAEF sells part of its share in Abu Auf to Agthia, an investor from the United Arab Emirates

September 2023
September 1

EAEF commits $50 million to the second fund of longtime partner, TCV

October 2023
October 2023
October 1

EAEF commits to supporting EastLane Partners, a buyout and growth-focused investment fund

December 2023
December 2023
December 1

EAEF commits $5 million to the first-time venture capital fund of Foundation Ventures