The European Investment Bank (EIB), acting through its development-focused arm, EIB Global, has committed an $80 million investment to the RMBV North Africa Fund III. This new fund, managed by RMBV, is designed to channel growth capital into Egyptian mid‑market companies operating in key sectors such as consumer goods and services, healthcare, and education—areas that are essential for inclusive economic development and job creation.
Highlighting the strategic relevance of the partnership, EIB Vice-President Gelsomina Vigliotti noted:
Given Egypt’s strategic importance in areas such as energy cooperation, migration, and shared economic interests, it remains a vital partner for the European Union and a cornerstone of EIB Global’s regional strategy. Within this framework, private equity funds play an essential role in bolstering the private sector, promoting sustainable development, and reinforcing a mutually beneficial relationship between the EU and its Egyptian counterparts.
RMBV Managing Partner Ahmed Badreldin welcomed the EIB’s participation, emphasizing the alignment of objectives and long-standing confidence in RMBV’s investment approach:
We are delighted to have the European Investment Bank join us as an anchor investor. The EIB’s commitment represents a significant endorsement of our investment thesis and our track record across the region. It also underlines our shared dedication to supporting high‑quality businesses that drive sustainable growth, job creation, and economic resilience. Through our portfolio, we aim to generate a virtuous cycle of development by strengthening local value chains while expanding commercial and industrial collaborations with European suppliers, technology partners, and service providers.
