The proposed commitment by the EIB is part of its broader agenda to stimulate private sector growth across Egypt.

The fund aims to reach a total size of USD 150 million, enabling it to back growth-stage and mid-cap companies with risk capital, operational support, and governance upgrades.

Once completed, this equity investment would mark a major endorsement of Tanmiya’s ambitions in Egypt’s evolving business landscape.

Founded in 2016, Tanmiya Capital Ventures (TCV) specializes in growth equity investments in Egyptian enterprises, applying an “impact-oriented” strategy to nurture firms into more institutional platforms.

Its portfolio spans sectors such as industrial processing, healthcare, and financial services.

In a recent high-profile transaction, TCV joined an international consortium that took a stake in Tamweely, a leading microfinance institution, alongside EBRD and British International Investment.

That deal underscores TCV’s role as a bridge between local capital and global institutional investors.

TCV’s first main fund, TCV1, which closed around 2017, focused on mid-caps across sectors like energy, industrials, and healthcare with ticket sizes typically in the USD 2–5 million range.

The performance of that fund and TCV’s track record in applying ESG (environmental, social, governance) frameworks have thus far bolstered its credibility among impact-minded investors.

The EIB’s new injection comes at a time when Egypt is grappling with macroeconomic headwinds, foreign exchange pressures, and urgent needs for private investment to support job creation and structural resilience.

Over the decades, the EIB has been a longtime development partner for Egypt, channeling more than EUR 15 billion into public and private initiatives since 1979.

EIB see this equity allocation not just as capital but as a tool to anchor stronger EU–Egypt economic ties.

The fund is expected to catalyze cross-border trade, strengthen supply chains, and open doors for European investors to gain exposure to Egyptian growth.

This aligns with the EU’s Global Gateway and Team Europe strategies, which seek to channel development capital toward sustainable infrastructure, private sector growth and greener economies.

Despite the announcement, the investment is currently progressing through the EIB’s internal approval processes and has yet to be ratified by its Board.

If successful, Tanmiya Capital Ventures Fund II could inject fresh momentum into Egypt’s private sector — especially for SMEs and mid-caps that have historically struggled to access growth capital.