AfricInvest backs The British University in Egypt
Investment seeks to drive the university’s expansion.
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AfricInvest has made an investment in The British University in Egypt to fuel its next phase of expansion and transformation.
The investment, one of the largest foreign direct investments in Egypt’s education sector to date, was made through a capital increase. The Khamis family remains the majority shareholders of the university after the investment.
“We welcome AfricInvest’s strategic investment in our university,” said Farida Khamis, chair of the board of trustees. “This injection of capital, with ongoing support from the Egyptian government, will allow us to further the legacy of our founder – my late father, Mr Mohamed Farid Khamis – by broadening the capabilities and academic reach of the university to ensure our leading role amongst educational institutions, not just in Egypt, but in the Middle East and Africa.”
Ismail Talbi, senior partner at AfricInvest, stated, “We are thrilled with our strategic investment in The British University in Egypt, which marks a significant step towards enhancing educational excellence in the region. Our commitment is to drive the university’s expansion and transformation, empowering it to become a leading player in higher education across Africa and the Middle East.”
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