ICEC

EFG Hermes to launch investment platform targeting Egypt basic education

Egyptian investment bank EFG Hermes signed Sunday an exclusive partnership agreement with Gems Education to launch an investment platform targeting basic education in the North African country.

GEMS Education is one of the world’s leading providers of private English-language education for students from kindergarten to twelfth grade (K-12),

The partnership aims to jointly establish a new platform focused on Egypt’s K-12 education sector.

“We see a substantial opportunity to create value while making a sustainable social impact on future generations,” said Karim Moussa, Head of Asset Management and Private Equity at EFG Hermes.

“We will target replicating GEMS Education’s success in the United Arab Emirates and elsewhere, introducing the international education standards that GEMS Education delivers, to a highly underserved education sector in Egypt.” Moussa added.

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