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March 2011

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

December 2011

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

May 2012
May 2012

James Harmon is appointed Chairman of EAEF

March 2013

The EAEF-USAID grant agreement is signed

July 2015
Lorax Capital Partners

EAEF selects LCP as its primary investment advisor

September 2015
September 2015

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

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

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

December 2016
December 2016

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

April 2017

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

October 2017
October 2017

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

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

November 2018
Dawi

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

February 2019
February 2019

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

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

August 2019
August 2019

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

August 2019

EAEF sells part of its stake in Fawry’s IPO

December 2019

DEC EAEF commits additional $30 million to TCV

March 2020

WHO declares COVID-19 a pandemic

April 2020

EAEF commits additional $1 million to Flat6Labs Cairo

May 2020
May 2020

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

June 2020

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

July 2020
July 2020

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

September 2020
September 2020

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

September 2020

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

February 2021

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

October 2021

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

February 2022

Russian invasion of Ukraine begins

November 2022

Egypt hosts COP-27 Conference

November 2022

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

September 2023

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

October 2023
October 2023

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

December 2023
December 2023

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