IFC, a member of the World Bank Group, has announced an investment in an Egyptian private equity fund to help improve access to capital for small and medium-sized companies in the country, supporting their resilience, growth, and ability to create jobs amid the challenges of Covid-19.

IFC’s $25 million investment in the Lorax Capital Partners (LCP) Fund II, managed by Egypt-focused private equity fund manager, Lorax Capital Partners, highlights IFC’s strategy of working with fund m...