By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Egypt to issue new bonds for climate, social goals
    Egypt to issue new bonds for climate, social goals
    September 27, 2023
    Saudi Public Investment Fund eyes stake in Palm Hills Development
    Saudi Public Investment Fund eyes stake in Palm Hills Development
    September 27, 2023
    UNDP, MBRF launch online learning initiative for Arab countries
    UNDP, MBRF launch online learning initiative for Arab countries
    September 27, 2023
    Egypt Post invests in Roaderz platform to enhance e-commerce, delivery services
    Egypt Post invests in Roaderz platform to enhance e-commerce, delivery services
    September 27, 2023
    GAFI to grant 45 more golden licences to boost investment
    GAFI to grant 45 more golden licences to boost investment
    September 27, 2023
  • Politics
    PoliticsShow More
    Egypt’s Irrigation Minister highlights climate challenges for water sector
    Egypt’s Irrigation Minister highlights climate challenges for water sector
    September 27, 2023
    CCCPA, Senghor University join forces for African peace, development
    CCCPA, Senghor University join forces for African peace, development
    September 27, 2023
    Arab League chief urges more funding, investment for food security
    Arab League chief urges more funding, investment for food security
    September 27, 2023
    Egypt denounces Houthi attack on Bahraini forces in Saudi Arabia
    Egypt denounces Houthi attack on Bahraini forces in Saudi Arabia
    September 27, 2023
    vPalestine urges international action to end Israeli occupation, crimes
    Palestine urges international action to end Israeli occupation, crimes
    September 26, 2023
  • Interviews
    InterviewsShow More
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    September 18, 2023
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    September 14, 2023
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    September 12, 2023
    India welcomes Egypt's BRICS membership: Boosting trade, investment, and access to strategic commodities
    India welcomes Egypt’s BRICS membership: Boosting trade, investment, and access to strategic commodities
    September 11, 2023
    The box office is not a measure of success: Basma Hassan
    The box office is not a measure of success: Basma
    September 6, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Catalyst Partners launches EGP 400m fund for SMEs
Share
Notification
Latest News
Genetically engineering associations between plants and nitrogen-fixing microbes could lessen dependence on synthetic fertilizer
Genetically engineering associations between plants and nitrogen-fixing microbes could lessen dependence on synthetic fertilizer
Science
Earthworms contribute to 6.5% of global grain production, says new research
Earthworms contribute to 6.5% of global grain production, says new research
Science
Researchers build and test a framework for achieving climate resilience across diverse fisheries
Researchers build and test a framework for achieving climate resilience across diverse fisheries
Science
Egypt to issue new bonds for climate, social goals
Egypt to issue new bonds for climate, social goals
Business
Saudi Public Investment Fund eyes stake in Palm Hills Development
Saudi Public Investment Fund eyes stake in Palm Hills Development
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Catalyst Partners launches EGP 400m fund for SMEs
Business

Catalyst Partners launches EGP 400m fund for SMEs

Daily News Egypt
Last updated: 2022/03/22 at 10:47 PM
By Daily News Egypt 3 Min Read
Share
SHARE

Chairperson of Catalyst Partners Maged Shawky revealed that the company launched an investment fund for small- and medium-sized enterprises (SMEs) with an initial capital of EGP 400m that will secure its first closing in mid-April 2022, pointing out that the fund is targeting to expand its size to EGP 1bn within five years.

On the side-lines of a press conference held by the company, Shawky told DNE that the fund aims to invest in several companies, pointing out that the focus is on defensive sectors with growth and profitability.

The sectors targeted for investment are agricultural manufacturing, pharmaceuticals, and logistics. The exit scenario from invested companies after the end of the investment period of about five to seven years will take place through the Egyptian Stock Exchange (EGX).

The fund’s founders also include the Insurance Holding Company, Misr Insurance, Misr Life Insurance, Misr Fund for Finance and Investment, Banque du Caire, Post for Investment Company, and Attijariwafa Bank.

He added that the fund will apply the principles, criteria, and tools for measuring the impact of the United Nations Development Program (UNDP) in cooperation with the UN to achieve the sustainable development goals included in Egypt’s national development plan via influential investment.

Shawky also pointed out that these types of funds are usually established outside the country, but the main objective of launching them locally is to give local banks and financial institutions the opportunity to enter into these types of funds.

Last January, Catalyst Partners Holding acquired a 25% stake in Public Partners Insurance Brokerage (PPIB) as part of its expansion plan.

The partnership aims to add a new activity to Catalyst in addition to non-banking financial activities, direct investment in family business SMEs, and entrepreneurship.

The partnership also aims to provide a technological infrastructure to offer insurance services to a new segment of public partners, namely individuals.

This step is consistent with the directives of the Financial Regulatory Authority (FRA) to control the pace of the insurance market and review the activity of existing companies and the extent of their commitment to the standards, laws, decisions, and rules in force, as well as the availability of the technological infrastructure.

The FRA issued decision No. 82 of 2020 on June 3, 2020, to stop granting new licenses to insurance and reinsurance brokerage companies.

You Might Also Like

Egypt to issue new bonds for climate, social goals

Saudi Public Investment Fund eyes stake in Palm Hills Development

UNDP, MBRF launch online learning initiative for Arab countries

Egypt Post invests in Roaderz platform to enhance e-commerce, delivery services

GAFI to grant 45 more golden licences to boost investment

TAGGED: Catalyst Partners, SMEs
Share this Article
Facebook Twitter Email Print
Previous Article There is no solution to question of Palestine without establishment of independent state: Egypt’s FM
Next Article Ministry of Supply launches campaign to control bakeries
Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Genetically engineering associations between plants and nitrogen-fixing microbes could lessen dependence on synthetic fertilizer
Genetically engineering associations between plants and nitrogen-fixing microbes could lessen dependence on synthetic fertilizer
Science
Earthworms contribute to 6.5% of global grain production, says new research
Earthworms contribute to 6.5% of global grain production, says new research
Science
Researchers build and test a framework for achieving climate resilience across diverse fisheries
Researchers build and test a framework for achieving climate resilience across diverse fisheries
Science
Egypt to issue new bonds for climate, social goals
Egypt to issue new bonds for climate, social goals
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?