North African fund secures $80m from the European Investment Bank
The EIB has committed $80 million to the North Africa Fund III, managed by RMBV.
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The European Investment Bank has committed $80 million to the North Africa Fund III (NAF III), managed by RMBV.
"This $80 million commitment to our new fund NAF III is a strong vote of confidence in our strategy – one focused on empowering mid-market companies across Egypt and North Africa to scale sustainably and contribute to inclusive economic growth by expanding access to quality goods, services, and employment. With this support, we aim to further our mission of backing resilient businesses that address essential needs in our focus sectors: healthcare, education, consumer goods, and financial services – with a particular emphasis on job creation, gender inclusion, and climate-conscious operations," RMBV said in a statement.
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