PCV’s Research & Consulting team is proud to have worked on the inaugural impact report of the Egyptian American Enterprise Fund (EAEF). This report is the culmination of a year-long effort to analyze EAEF’s developmental impact in Egypt from its inception in 2013 through 2019.
The EAEF has supported close to 5,000 jobs, seeded what is now Egypt’s leading private equity fund, Lorax Capital Partners, invested $202.9 million in 7 companies and 3 funds, and attracted an additional $311 million in foreign direct investment (FDI).
The EAEF has also helped more than 110,000 small and-medium-sized enterprises (SMEs) grow their businesses through our investment in Fawry—Egypt’s largest electronic payments platform, which extends financial services to over 24 million Egyptians.
By closely examining their impact, the team at EAEF hopes to better understand how they can strengthen their efforts to develop Egypt’s private sector, and demonstrate the power of enterprise funds as an effective developmental tool of U.S. foreign policy.
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