Sovereign Fund of Egypt Co-Launches Education Investment Platform
Lighthouse Education aims to support the digital transformation of the country’s education.
A group of Egypt’s most formidable financial institutions have come together to establish the Lighthouse Education Platform, as part of a strategy that aims to raise EGP 1.75 billion to invest in high quality education for the country’s middle classes.
Launched by the Sovereign Fund of Egypt (TSFE), the coalition’s member signatories include Banque Misr, the Misr Insurance Holding Company, and the Suez Canal Bank (SCB). The members amalgamated with the vision of investing in Egyptian individuals who can lead influential projects nourishing the ecosystem within education.
The platform focuses on Egypt’s pursuit of fine-tuning education, aiming to eventually drive a country-wide expansion of the digital transformation of Egypt’s educational system, and diversifying outlets of funding to ensure the sector’s sustainable development.
Additionally, the platform is centered on one of TSFE’s central strategies of nurturing partnerships with both the local and foreign private sector.
