Latest in Tag: actis Highlight

Latest in Tag: actis

Egypt to witness huge growth in electronic payments in next 5 years: EMP chairman, Actis partner

The 5th Emerging Markets Payments Conference (EMPC) kicked off on 26 September in Sharm El-Sheikh, gathering key decision makers from banks and electronic payment companies across the Middle East and Africa to discuss opportunities and challenges of the industry. At the conference, the Daily News Egypt sat with Paul Edwards—Chairman of Emerging Markets Payments (EMP), …

Doaa Farid

Private equity firm Actis reduces stake in Egypt’s CIB

Reuters – Private equity firm Actis has reduced its holding in Commercial International Bank (CIB), Egypt’s biggest listed bank, to 6.5%, CIB said on Monday. CIB said Actis sold a 2.6% stake in the bank “in the open market to a group of international investors”. The shares were sold to Egyptian and other Arab institutions …

Daily News Egypt

Egypt ‘too big to fail’: Director of Actis in Egypt

Actis is an emerging markets investor with US$5.2 billion funds under management. Through the expertise of over 120 investment professionals on the ground in twelve countries, Actis identifies investment opportunities in three areas: private equity, infrastructure and real estate. Daily News spoke to Actis’s Director in Egypt about the current business environment in Egypt, the challenges as well as the solutions to reposition Egypt as an attractive investment destination.

Daily News Egypt

Actis closes $434 mln deal in South Africa, eyes Egypt

CAIRO: Actis, a pan-emerging markets private equity fund, led a consortium in the $434 million complete management buy-out of Tracker, South Africa’s largest vehicle tracking company, according to a statement. “Tracker is known for its vehicle recovery successes — it has achieved approximately 55,000 vehicle recoveries and over 10,000 arrests since its establishment in 1996, …


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