Development Partners International to invest $165m in Kazyon.

Development Partners International, a private equity firm, agreed to invest $165m in Kazyon, a discount supermarket chain. “I’m proud of what Kazyon achieved over the last few years. This investment solidifies our position as the leading grocery retailer in Egypt and could not have happened without the trust of millions of customers that we serve regularly, and the dedication of the thousands of employees led by a very capable management team. DPI’s funding and contributions are helping the company to achieve its ambitions to become the largest discount retailer in Africa,” Hassan Heikal, Kazyon Chairman and Founder.