Hossam Mounir

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Latest by Hossam Mounir

EAEF to increase investment in Egypt to $1bn over 3 years

The Egyptian-American Enterprise Fund (EAEF) targets increasing its investments in the Egyptian market to $1bn, according to the fund’s board member Hani Sarie-Eldin. The fund recently acquired a 20% stake of Fawry for e-payments. The deal was worth $20m. Sarie-Eldin said another deal was signed days ago at a cost of $65m, however refusing to …

Hossam Mounir

Fawry allocates EGP 20m to electronic commerce sector

By Mohamed Alaa El-Din and Hossam Mounir Fawry Company will allocate EGP 20m for investments in payment solutions for the electronic trade sector in the upcoming period, company CEO Ashraf Sabry revealed in a statement to Daily News Egypt. The service will launch before the end of the first quarter of 2016, he said. However, …

Hossam Mounir