Ashraf Zaki’s Lorax Capital Partners secures $18 million from DEG

Ashraf Zaki’s Lorax Capital Partners secures $18 million from DEG

The private equity firm, which had bet on Fawry, is approaching its final closing for its $250 million vehicle.

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            ▪ Ashraf Zaki’s Lorax Capital Partners secures $18 million from DEG

▪ The private equity firm, which had bet on Fawry, is approaching its final closing for its $250 million vehicle.

https://www.africabusinessplus.com/en/810409/ashraf-zakis-lorax-capital-partners-secures-18-million-from-deg/

The Egyptian venture capital market is booming, and institutional investors from the EU want in. They are demonstrating this once again with their strong support for Lorax Capital Partners, an Egyptian private equity firm preparing the closing of its second fund.

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