Backed by Naguib Sawiris, the entrepreneur behind the Orascom group, Sawari will invest in early- and growth-stage technology companies in the Middle East, such as its first two deals, Alzwad Mobile Services and Vimov.
Sawari Ventures, an Egypt-based venture capital firm backed by one of the country’s largest conglomerates, has launched with two deals.
Backed by Naguib Sawiris, the entrepreneur behind the Orascom group (pictured), Sawari will invest in early- and growth-stage technology companies in the Middle East.
Naguib Sawiris, executive chairman of Orascom Telecom, said: "Entrepreneurship, innovation and education are critical to the region’s future."
Ahmed El Alfi, founder and chairman of Sawari Ventures after previously running EFG-Hermes Private Equity, said: "The…
