EBRD partners with PE firms for Egypt microfinance investment

The EBRD is co-investing with a consortium of investors comprising BII, SPE Capital and Tanmiya Capital Ventures.

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The European Bank for Reconstruction and Development (EBRD) is acquiring a minority equity stake in Tamweely Microfinance, an Egyptian non-bank financial services company, specialising in serving micro and small businesses.

The EBRD is co-investing with a consortium of investors comprising British International Investment, SPE PEF III (the new fund raised by SPE Capital) and Tanmiya Capital Ventures to fully acquire Tamweely Microfinance.

The acquisition will support Tamweely’s domestic growth strategy and boost its competitiveness and resilience, enabling it to become one of the country’s leading microfinance providers.

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