Egypt: Mohamed Okasha steps down as MD of Fawry to launch a $25mln fund to support early-stage companies
Monday, 30 March 2020 16:40
Mohamed Okasha (pictured), co-founder and Managing Director of Egyptian e-payment company Fawry announced he is stepping down from his position on April 1, 2020, to launch a $25 million investment fund that will help Egyptian fintech companies in their early and growth stage. No further details have been given about how the fund will be managed.
Mohamed Okasha has 25 years of experience in the retail and marketing sector. Before joining Fawry's management in 2009, he worked for the telecom company Vodafone and the firm Raya in Egypt. Although he will no longer be Fawry’s MD, Mr. Okasha will remain a member of the company’s Board of Directors, according to media sources.
Chamberline Moko
Live News
-
BGFIBank Cameroon Increases Capital to CFA50Bln Ahead of Stricter Banking Rules
20:58
-
Cameroon secures Gold Medal at Cacao of Excellence Awards, topping Africa & Indian Ocean category
20:52
-
DRC seeks ITC support to advance battery mineral value chains
20:49
-
“We See a Structural Copper Shortage Emerging,” Olivier Binyingo, Chairman of Kamoa Copper
20:19
-
DRC Suspends Livestock Imports from South Africa Amid Foot-and-Mouth Outbreak
18:26
-
Cameroon Signals Possible Return to Bvmac with Up to CFA150 Billion Bond
18:15
-
Public Enterprises Hold CFA1.5 Trillion in Assets, CFA493.9 Billion in External Debt at End-2024
18:08
-
Cameroon Faces CFA65.7 Billion in Repayments, Turns to Market for Relief
18:04
-
In Africa, a Market for Medical Robotics Is Expanding. Adoption Is the Hard Part
16:16
-
Togo ranks second in Africa in World Bank gender law index
15:15
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...
Cameroon wins gold at 2026 Cacao of Excellence Awards Top sample selected from 191 entries worldwide Award boosts position in premium “fine flavour”...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private investment Progress slowed amid coordination,...
In 2025, the development of the Kamoa-Kakula copper complex, the largest in the Democratic Republic of the Congo (DRC), was marked by two major events: a...
DR Congo bans South African livestock imports over FMD Measure suspends permits for animals and animal products South Africa ramps up vaccination,...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...