The European Investment Bank (EIB), through its development arm EIB Global, has committed $80 million to the RMBV North Africa Fund III to accelerate private sector development and sustainable growth in Egypt, forming part of a broader regional strategy across North Africa. The signing took place in Cairo with the participation of Egypt’s Minister of Planning, Economic Development and International Cooperation H.E. Rania Al-Mashat, EIB Vice-President Gelsomina Vigliotti, and RMBV Managing Partner Ahmed Badreldin.
The fund aims to unlock more than $300 million for investments in high-impact sectors such as consumer goods and services, healthcare, and education. By providing capital and managerial support, it will help strengthen local enterprises, foster innovation, and boost regional economic integration between Egypt and European markets. The initiative also seeks to enhance corporate governance, digitalisation, and environmental standards across supported businesses.
“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,” said Vice-President Vigliotti. She emphasized that private equity funds like RMBV North Africa Fund III play a crucial role in supporting the private sector while fostering mutually beneficial ties between the EU and Egypt.
Minister Al-Mashat highlighted the initiative as a milestone in Egypt’s partnership with the EIB, reinforcing the country’s focus on maximizing private sector involvement in national development. “This reflects confidence in the Egyptian economy and strengthens shared growth and economic integration between Egypt and Europe,” she said.
RMBV Managing Partner Ahmed Badreldin noted that the EIB’s investment serves as a strong endorsement of the fund’s strategy and track record. He added that the fund will foster a virtuous cycle of growth by reinforcing local value chains, creating jobs, and deepening commercial partnerships with European suppliers and technology providers.
Aligned with the European Union’s Global Gateway and Team Europe initiatives, the fund supports private sector expansion that enhances economic resilience, creates quality employment, and contributes to regional stability. Importantly, in line with EIB Global’s inclusive investment strategy, at least 30% of the fund’s portfolio will directly advance gender equality by supporting women-led enterprises, promoting gender-responsive business practices, and fostering inclusive employment opportunities across Egypt and North Africa.
This partnership positions the EIB, RMBV, and Egypt to drive sustainable private sector growth, strengthen EU-Egypt trade links, and ensure equitable, inclusive development in the region.
