AfricInvest, a leading pan-African mid-cap-focused private equity firm, has entered into a partnership with Masria Digital Payment (MDP), a provider of payment solutions and smart cards in Egypt. The transaction was carried out via AfricInvest’s Maghreb Private Equity Fund IV, which targets North African companies that are well established in their local markets and have the potential to scale up their activities at the regional level.
This new partnership will enable MDP to strengthen its presence across the entire payments value chain in Egypt. “Capitalizing on this new agreement with AfricInvest, Masria Digital Payment aims to offer payment solutions to its customers by venturing into the field of digital payment. We look forward to reaching our next stage of growth with our new partner,” said Amr Rashad Nafie, President of MDP.
In a 2019 study entitled “Egypt's mobile wallet & Payment Market, 2016-2025,” the firm’s Research and Markets revealed that the mobile payment industry in this North African country is in a strong growth phase and is projected to reach $22.48 billion by 2025.
Chamberline Moko
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...
• The U.S. imposed a 20% tariff on cashew exports from Vietnam and a 40% tax on suspected transshipm...
Cauri Money launches Gajo Money, an e-wallet for the Cameroonian diaspora, targeting €120 mil...
• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...
MTN has announced the launch of the MTN Cloud Accelerator, a 12-week hybrid program designed to help African startups scale faster by leveraging MTN’s...
• CMOC increased cobalt production by 13% to 61,073 tonnes in the first half of 2025.• The DRC extended its cobalt export ban, forcing CMOC to stockpile...
Kenya plans to import 1.05 million tonnes of palm oil in 2025/2026, near its highest ever level. Malaysia supplies 90% of Kenya’s palm oil, sharply...
Power Africa closed after 12 years, leaving a gap in Africa’s electrification push. Mission 300 aims to connect 300 million Africans to electricity...
The Emerald Sea is a vast turquoise lagoon located in the northern part of Madagascar, just a few kilometers from the town of Antsiranana (formerly Diego...
Malawi’s Mount Mulanje and Cameroon’s Diy-Gid-Biy added to UNESCO World Heritage List Africa still holds 25% of endangered sites, despite recent...