Brussels, 08/10/2009 (Agence Europe) - The European Investment Bank (EIB) has announced that it will invest up to US$15 million in a new private equity fund based in Cairo called the Mena Joint Investment Fund. The fund's activity will be to invest in private companies, mainly in Egypt but also in other countries in the Middle East and North Africa (MENA).
The fund was set up by Citadel Capital, a leading private equity firm based in Cairo. The initial capital is $150 million and is...