Catalyst Private Equity, a private equity fund manager focused on Egypt, has launched an impact investing fund called Catalyst Capital Egypt Fund (CCE). The fund has a target size of EGP1 billion ($54.6 million). The fund has achieved a first close of EGP450 million (about $24.6 million).

CCE aims to invest in small and medium enterprises (SMEs) in Egypt according to the Central Bank of Egypt (CBE) guidance of investing in SMEs. The fund seeks to generate a positive, measurable social ...

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