TSFE plans to launch communications-focused sub-fund

Updated 5/29/2024 8:14:00 AM
TSFE plans to launch communications-focused sub-fund

Arab Finance: The Sovereign Fund of Egypt (TSFE) is considering launching a new sub-fund focusing on the communications sector within weeks, Al Borsa News reported, citing sources in the know.

Baker McKenzie, the fund’s legal advisor, is nearing completion of the procedures required to establish the fund, the sources noted.

Moreover, they revealed that setting up an agriculture sub-fund is underway.

On May 13th, Minister of Planning and Economic Development Hala ElSaid announced that TSFE is studying the launch of a new industry-oriented sub-fund.

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