Egypt

Egypt

Citadel Capital private equity fund opens in East Africa

Egypt-based private equity fund Citadel Capital is to open an East African office in Nairobi during January. Citadel says it is independently ranked as Africa’s largest private equity firm

Egypt

Tighter regulation for Egyptian markets

The recently formed Egyptian Financial Supervisory Authority (www.efsa.gov.eg) is tightening regulation for listed companies and other financial market intermediaries. It is working with the Egyptian Stock Exchange (www.egyptse.com) to combat insider trading and improve disclosure, including urging better investor relations skills. Good regulation is critical to attracting local and foreign investment.

Capital raising

Top African venture capital meeting (AVCA) coming to Cairo

Private equity and venture capital opportunities in Africa, billed “the world’s fastest-growing continent”, are on the agenda of the African Venture Capital Association (AVCA) 8th Annual Conference (http://www.avcaegypt2009.com).