Monday, 25 May 2026
Egypt’s Central Bank approves global fund manager for major fintech investment fund
As part of its ongoing efforts to support companies operating in financial technology and innovation, and in line with international best practices, the Central Bank of Egypt (CBE) has approved the appointment of Development Partners International (DPI), a global investment firm, as the new manager of the “Nclude” fintech fund.
The decision was announced during a signing ceremony attended by Mr. Rami Aboul Naga, Deputy Governor of the CBE. This move aims to attract more foreign investment into Egypt’s fintech sector, supporting the fund’s ambitious vision to become the largest regional fintech investment fund, with a targeted capital of USD 150 million.
Since its launch, the Nclude fund has played a significant role in encouraging and attracting foreign investment into Egypt’s vital fintech sector. The capital invested by the fund in Egyptian startups has resulted in attracting five times that amount from foreign investors into these companies.
Mr. Aboul Naga stated, “The contribution of Egyptian banks to the Nclude fund reflects the banking sector’s commitment to investing in emerging fintech and keeping pace with global developments in this promising field. It also demonstrates our efforts to create a supportive environment for fintech entrepreneurs to launch their applications in the Egyptian market, which will help achieve our financial inclusion targets.”
The Nclude fund was established with the participation of leading Egyptian banks, including Banque Misr, National Bank of Egypt, and Banque du Caire, as well as e-finance, Egyptian Banks Company, and Mastercard. The fund is part of the CBE’s strategy to promote fintech and innovation, with financing being a key pillar.
In addition to supporting startups in financial technology and related sectors, both local and international companies planning to enter the Egyptian market, the fund also aims to nurture young talent and direct investments to promising ventures in this field.