The Sovereign Fund of Egypt (TSFE) has agreed to partner with Actis, a U.K.-based private equity firm, to help attract and steer private investment into Egypt as well as to cooperate in energy and infrastructure projects.
“This important cooperation agreement will support energy transition and underscores a new chapter for sustainable, high-quality U.K. investment in key markets such as Egypt,” said Elizabeth Truss, secretary of state for international trade. “Trade with countries across Africa has never been more exciting. As opportunities there grow, it’s great to see so many British firms paving the way in trading and investing in the region to drive growth, create jobs and boost vital infrastructure.”
The MOU establishes a cooperation protocol for the two leading financial institutions to partner in a number of high-profile areas, in particular energy and infrastructure, and directly supports the Sovereign Fund of Egypt’s objective to attract and steer
