Actis targets five vital sectors in Egypt for investment: official

The London-based pan-emerging markets private equity firm Actis says it is studying investing in five vital sectors in Egypt, making use of new economic reform strategies implemented by the country.

Actis Egypt will sign the final contract with the Egyptian Ministry of Electricity to run and operate Lekela Power renewable energy platform within one month, with investment cost of $350 million, general manager Sherif ElKholy told Amwal Al Ghad in a recent interview.

Elkholy said that his firm is studying investing in Egypt, in sectors of financial services, banking, health, education, and consumer products.

The company is also performing studies on investing in Egypt’s renewable energy sector through Lekela Power platform, by depending on Actis Four Fund, whose capital currently stands at $1.6 billion, he added.

He further said  that Actis’ current investment in Egypt is in the medical laboratory company, Integrated Diagnostics Holdings (IDH), a which owns 21 percent of the shares of the two most important medical laboratories in the country; AL Borg and Al Mokhtabar.

Actis will launch its fifth fund before the end of the first half of 2018 targeting main markets in Africa, Asia, and Latin America, Elkholy concluded.