The financing agreement was signed in Cairo in the presence of senior Egyptian and European officials, including Egypt’s Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat, EIB Vice-President Gelsomina Vigliotti and Ahmed Badreldin, Managing Partner of RMBV.  

The RMBV North Africa Fund III, managed by regional investment firm RMBV, is designed to channel investment capital alongside hands-on strategic support to emerging local companies.

The fund will focus on high-impact sectors such as consumer goods and services, healthcare, and education, areas seen as key drivers of sustainable economic expansion.  

According to official statements, the EIB’s commitment will act as an anchor investment that helps mobilise over $300 million in total funding for the initiative.

In addition to providing growth capital, the fund aims to deepen commercial links between Egyptian enterprises and European suppliers, technology firms and service providers, as well as enhance trade integration with European markets. 

EIB Vice-President Gelsomina Vigliotti emphasised Egypt’s role as a strategic partner for the European Union, particularly in areas such as energy cooperation, migration and shared economic interests.

She noted that private equity investments like this one are vital for bolstering the private sector, creating jobs, and advancing mutual economic objectives between the EU and Egyptian business partners.  

RMBV’s Ahmed Badreldin welcomed the EIB’s support, describing it as a strong endorsement of the fund’s strategy and its track record.

He said the partnership will support high-quality businesses that contribute to sustainable growth, stimulate employment and enhance economic resilience. 

The fund’s portfolio is also expected to allocate at least 30 percent of its investments to initiatives that advance gender equality, including backing women-led enterprises and promoting inclusive employment practices. 

Egypt’s planning minister described the financing as a milestone in the nation’s strategic cooperation with the EIB, reflecting confidence in the Egyptian economy and aligning with national priorities to elevate the role of the private sector in development and regional economic integration.  

The investment aligns with broader European Union initiatives such as the Global Gateway and Team Europe strategies, which aim to promote sustainable development, innovation and inclusive growth across partner countries.