(Ecofin Agency) - Development Partners International (DPI), an equity investor which mainly invests in shares in Africa, has disbursed $45 million to acquire MNT Investments, the investment holding based in Egypt which is the main shareholder of Mashroey (a consumer credit company) and Tasaheel (a microfinance institution).

This investment is the ninth the financial institution realized via its 2^nd fund for African Development (African Development Partner II) which was capped in 2015 at $725 million. It is also the group’s third fund investment in Egypt where it invested the equivalent of $150 million.

MNT Investments seems to be an investment which will satisfy DPI’s return expectations. Its two subsidiaries are active in the Egyptian financial market with 220 agencies and 5,000 employees serving about 400,000 clients in one of the most dynamic economies in Africa.

Idriss Linge