Headquartered in Cairo, Fawry provides users with a secure electronic bill payment services solution, connecting consumers, merchants, governments and financial institutions on a consolidated gateway that is accessible through multiple channels, including point-of-sale machines, ATMs, post offices, online and through mobile wallets.
MENA LTV is a partnership between Wellcome Trust and EFG Hermes, with the latter acting as the Fund’s dedicated investment manager. The Fund, which currently has assets under management of $450 million, has a mandate to invest in public and private long-term opportunities in the Middle East and North Africa (MENA) region.
This transaction is MENA LTV’s third high-profile private investment in Egypt in as many years.
http://www.cpifinancial.net/news/post/33597/efg-hermes-mena-long-term-value-fund-makes-third-private-investment
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