Egyptian American Enterprise Fund

We are pleased to share our 2023 impact report and ongoing efforts to strengthen #Egypt's private sector. The first half of 2024 has been busy. In February, Egypt received a $35 billion investment from ADQ, the largest foreign investment in the country's history. Two weeks later, Egypt signed an $8 billion loan agreement with the International Monetary Fund. These funding arrangements have helped stabilize Egypt's economy after a foreign currency shortage, increasing prices, and record inflation that has come down considerably in the last year. In this context, we continue to invest in Egypt's private sector. We are supporting two new fund managers, Foundation Ventures and East Lane Partners, to help strengthen the local #venture capital and #private equity industry. We also committed $50 million to the second fund of our long-time partner, TCV Tanmiya Capital Ventures. In total, we have supported 7 first-time fund managers, who have helped us invest in over 130 companies that today support 55,000 jobs. We look forward to continuing to strengthen the local investment ecosystem by investing in Egyptian talent. Growing the private sector is the key to unlocking Egypt's economic potential. https://lnkd.in/gvwUxtCq

Earlier this week, we had the pleasure of speaking to students at Columbia Business School taking part in a global immersion course on #Egypt. In a few weeks, these students will be traveling Egypt to meet with leading companies in the private sector and learn more about the country’s culture and investment environment. We appreciated the thoughtful and robust Q&A from the students, where we discussed the history of our fund’s work in Egypt, investment challenges and successes, and the current macroeconomic situation. Wishing you all a successful trip to Egypt and best of luck on the upcoming semester! Thank you to Professor Marco Viola and Columbia Business School for inviting us!

Earlier this week, we had the pleasure of speaking to students at Columbia Business School taking part in a global immersion course on #Egypt. In a few weeks, these students will be traveling Egypt to meet with leading companies in the private sector and learn more about the country’s culture and investment environment. We appreciated the thoughtful and robust Q&A from the students, where we discussed the history of our fund’s work in Egypt, investment challenges and successes, and the current macroeconomic situation. Wishing you all a successful trip to Egypt and best of luck on the upcoming semester! Thank you to Professor Marco Viola and Columbia Business School for inviting us!

Excited to announce our recent investment in leading microfinance player, Tamweely Microfinance, led by our partner TCV (Tanmiya Capital Ventures) along with SPE Capital , EBRD and British International Investment. Tamweely was formerly owned by various Egyptian state entities and its exit is a strong move for the government's privatization agenda and its efforts to attract local and foreign investment. https://lnkd.in/ejB8-kHW

NEW YORK, NY—The Egyptian-American Enterprise Fund (“EAEF”) announced that it has approved a $50 million commitment to TCV Tanmiya Capital Ventures (“TCV”) Fund II. EAEF is a long-term partner of TCV, and served as the largest investor in TCV’s Fund I.

Ramadan Mubarak to our friends in #Egypt and across the world. May this holy month be a time for peace, self-reflection and hope to those suffering around the world.

We are pleased to share “10 Years of Impact” a short film highlighting our efforts to support #Egypt’s private sector. Since 2011, the Egyptian-American Enterprise Fund—a private sector-led investment fund established by the US Congress—has invested in over 130 companies with the help of five, first-time Egyptian fund managers. Today, these companies support more than 40,000 jobs. In this video, we are excited to showcase some of these dynamic companies and fund managers, including: Ashraf Sabry, CEO of Fawry, Egypt’s largest electronic payments provider Magda Habib, CEO of Dawi Clinics - عيادات داوى, Egypt’s largest chain of outpatient #healtcare clinics Mohamed Mahgoub, Managing Partner of TCV, a leading private equity firm Dina el-Shenoufy, Chief Investment officer of Flat6Labs Cairo, the leading startup accelerator in Egypt Rasha Ghali, Chief Marketing Officer at Abu Auf, one of the Middle East’s top healthy foods companies We look forward to continuing to partner with and support Egyptian businesses in the years ahead :) https://lnkd.in/eQFsudfk

We are pleased to share “10 Years of Impact” a short film highlighting our efforts to support #Egypt’s private sector. Since 2011, the Egyptian-American Enterprise Fund—a private sector-led investment fund established by the US Congress—has invested in over 130 companies with the help of five, first-time Egyptian fund managers. Today, these companies support more than 40,000 jobs. In this video, we are excited to showcase some of these dynamic companies and fund managers, including: Ashraf Sabry, CEO of Fawry, Egypt’s largest electronic payments provider Magda Habib, CEO of Dawi Clinics - عيادات داوى, Egypt’s largest chain of outpatient #healtcare clinics Mohamed Mahgoub, Managing Partner of TCV, a leading private equity firm Dina el-Shenoufy, Chief Investment officer of Flat6Labs Cairo, the leading startup accelerator in Egypt Rasha Ghali, Chief Marketing Officer at Abu Auf, one of the Middle East’s top healthy foods companies We look forward to continuing to partner with and support Egyptian businesses in the years ahead :) https://lnkd.in/eQFsudfk

🌟 Highlight of The Month! 🌟 We're excited to give you a sneak peek into our recent interview with the Egyptian American Enterprise Fund. Sharing the inspiring story of Chefaa's beginnings, our remarkable growth during the pandemic, and our dedicated approach to meeting the healthcare needs of Egyptian patients. Additionally, more insights into our experience as female entrepreneurs in emerging markets. This interview comes ahead of EAEF's upcoming book about investing in Egypt, including the country’s vibrant startup ecosystem. Stay tuned for the full interview where we share the details of our journey! 💼✨ #ChefaaHighlights #HealthcareInnovation #EAEFInterview

Chefaa raises $5.25m to accelerate growth & fuel expansion into Saudi Arabia | Go Chefaa!!! Mabrouk! https://lnkd.in/ehab8k6n