The European Investment Bank (EIB), through its development arm EIB Global, is investing $80 million in the RMBV North Africa Fund IIIto accelerate private sector development and sustainability in Egypt as part of a regional investment strategy covering North Africa.
The signature took place at an event in Cairo attended byMinister of Planning, Economic Development and International Cooperation of EgyptH.E. Rania Al-Mashat, EIB Vice-President Gelsomina Vigliotti, and RMBV Managing Partner Ahmed Badreldin.
The fund will providecapital and managerial added value to local enterprises across high-impact sectors such as consumer goods and services, healthcare, and education, unlocking new opportunities for Egypt and enabling regional growth,while fostering closer economic integration between Europe and Egypt.
The RMBV North Africa Fund III is managed by RMBV, a seasoned investment firm with an established track record of delivering sustainable growth across the region.
By supporting the growth oflocal private sector enterprises, the fund aims to foster innovation and competitiveness while strengthening trade relations between European industries and Egypt.
In addition to driving capital into transformative businesses, the fund reflects EIB Global’s mission to work hand-in-hand with local investment firms that can play a catalytic role in the local capital markets and enhance corporate governance, digitalisation, and environmental standards.
“Given Egypt’s strategic importance in areas such as energy cooperation, migration, and shared economic interests, it is a key counterpart for the European Union and central to EIB Global’s strategy. In this context, private equity funds play a crucial role in supporting the private sector, while fostering a “win-win” approach between the European Union and Egyptian private sector partners,” said EIB Vice-President Gelsomina Vigliotti.
“Today we are witnessing an important chapter in the strategic partnership between the Arab Republic of Egypt and the EIB. This reflects confidence in the Egyptian economy and affirms the state's direction towards maximizing the role of the private sector as a key partner in development. Through the partnership between the EIB and the investment fund RMBV North Africa Fund III efforts are underway to support regional investments and enhance shared growth and economic integration between Egypt and Europe,” said Minister of Planning, Economic Development and International Cooperation of Egypt H.E. Rania Al-Mashat.
“We are delighted to welcome the European Investment Bank as an anchor investor in the Fund. The EIB’s support is a strong endorsement of our strategy and our track record, and it reinforces our shared commitment to backing high-quality businesses that contribute to sustainable growth, job creation and economic resilience across our target markets. Through our portfolio, we seek to foster a virtuous cycle of growth by strengthening local value chains while deepening commercial and industrial partnerships with European suppliers, technology providers and service companies,” saidRMBV Managing Partner Ahmed Badreldin.
This initiative complements the European Union’s Global Gateway and Team Europe efforts to deepen cooperation through sustainable investment, innovation, and inclusive growth. It supports private sector expansion in areas that boost economic resilience and create quality jobs while contributing to the European Union’s broader neighbourhood strategy for regional stability.
In line with EIB Global’s inclusive investment strategy, the RMBV North Africa Fund IIIwill ensure that at least 30% of its portfolio directly contributes to advancing gender equality. This includes supporting women-led enterprises, promoting gender-responsive business practices, and fostering inclusive employment opportunities across the fund’s target sectors. By embedding gender considerations into its investment approach, the fund aims to drive equitable growth and unlock the full potential of diverse talent in Egypt and across North Africa.
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