The European Bank for Reconstruction and Development (EBRD) announced on Thursday, October 1 its investment of up to US$ 50 million in Lorax Capital Partners (LCP) Fund II.

EBRD clarified that this fund is to boost the resilience of the financial sector in Egypt and support equity financing to small and medium-sized businesses.

For more information, please see https://www.egypttoday.com/Article/3/92569/EBRD-invests-up-to-50M-in-Egypt-focused-private-equity