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    14 Apr, 2015

    Egypt-based Sawari Ventures to close $50 mln fund to new investors by year-end

    Reuters - Egypt-based investment firm Sawari Ventures expects to close its recently launched $50 million fund to new investors before year-end, its founder and chairman told Reuters on Wednesday.

    The fund opened last month at an international investment conference in the Red Sea resort of Sharm el-Sheikh where Egypt signed deals worth $36 billion.

    "The fund will invest mostly in tech and clean-tech companies and knowledge-based entrepreneurs," Ahmed al-Alfi said on the sidelines of a conference in Abu Dhabi. Read more