The European Investment Bank (EIB) has announced a proposed equity investment of $38 million in the Tanmiya Capital Ventures Fund II (TCV II), a private equity fund focused on supporting private sector growth in Egypt.
TCV II is designed to catalyze investment in Egyptian businesses, particularly small and medium-sized enterprises (SMEs), with the aim of enhancing economic development, job creation, and regional trade integration. The fund also seeks to strengthen commercial ties between Egypt and the European Union, aligning with broader EU-Egypt cooperation frameworks.
With a target fund size of $150 million, TCV II will provide growth capital to companies across various sectors, helping them scale operations, improve governance, and attract further investment. The EIB’s proposed contribution represents a significant endorsement of the fund’s strategy and its potential impact on Egypt’s private sector ecosystem.
This investment aligns with the EIB’s broader mandate to support sustainable development and inclusive economic growth in partner countries, particularly through private sector engagement and regional partnerships.
