EBRD discloses potential investment in Egyptian fund

The European Bank for Reconstruction and Development (EBRD) has disclosed a proposed $20 million investment in the Tanmiya Capital Ventures II fund, managed by Tanmiya Capital Ventures.

The investment will enable the fund to make equity and quasi-equity investments in medium-sized companies in Egypt with the objective of achieving long-term capital growth.

The fund has a target of $150 million.