Egypt: EIB backs RMBV North Africa Fund III
The fund will invest in local Egyptian enterprises in sectors such as consumer goods and services, healthcare, and education.
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The European Investment Bank (EIB), through its development arm EIB Global, is investing $80 million in the RMBV North Africa Fund III.
The fund, managed by RMBV, will provide capital to local Egyptian enterprises in sectors such as consumer goods and services, healthcare, and education.
“Given Egypt’s strategic importance in areas such as energy cooperation, migration, and shared economic interests, it is a key counterpart for the European Union and central to EIB Global’s strategy. In this context, private equity funds play a crucial role in supporting the private sector, while fostering a ‘win-win’ approach between the European Union and Egyptian private sector partners,” said EIB vice-president Gelsomina Vigliotti.
“We are delighted to welcome the European Investment Bank as an anchor investor in the fund. The EIB’s support is a strong endorsement of our strategy and our track record, and it reinforces our shared commitment to backing high-quality businesses that contribute to sustainable growth, job creation and economic resilience across our target markets. Through our portfolio, we seek to foster a virtuous cycle of growth by strengthening local value chains while deepening commercial and industrial partnerships with European suppliers, technology providers and service companies,” said RMBV managing partner, Ahmed Badreldin.
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