The European Investment Bank, through its development arm EIB Global, is investing $80 million in RMBV North Africa Fund III to accelerate private sector development and sustainability in Egypt under a broader North Africa strategy.

The fund will channel capital and strategic managerial support to local companies in high-impact sectors such as consumer goods and services, healthcare, and education to unlock growth and regional expansion.

Egypt is highlighted as a key strategic partner for the EU, with private equity viewed as essential to empowering the private sector and building mutually beneficial European-Egyptian partnerships.

A second agreement channels $57.5 million into Alta Semper II Fund to invest in pharmaceutical and healthcare companies across North Africa and sub-Saharan Africa, with EIB contributing $37.5 million and IFC $20 million, mobilizing about $150 million.

The investment is expected to mobilize more than $300 million in additional capital directed to companies in high-impact sectors.

At least 30% of RMBV North Africa Fund III’s portfolio will advance gender equality, including support for women-led enterprises and inclusive employment across target sectors.

The announcement aligns with broader EU-Egypt cooperation, including a forthcoming second €1 billion tranche under the Egypt–EU Strategic and Comprehensive Partnership.

Beyond financing, the North Africa Fund provides managerial and institutional support to improve governance, sustainability, and scalability of local companies.

The initiative aligns with EU Global Gateway and Team Europe frameworks, promoting sustainable investment, innovation, and inclusive growth to support regional stability.

RMBV North Africa Fund focuses on private companies with capital and operational backing, while Alta Semper II Fund targets healthcare investments.

The EIB is a major partner to Egypt, as the EU’s largest external financier with extensive commitments, prioritizing renewable energy, climate finance, and water infrastructure.

The deals were signed in Cairo with attendance from Egypt’s Planning, Economic Development and International Cooperation Minister Rania Al-Mashat, EIB Vice-President Gelsomina Vigliotti, and RMBV Managing Partner Ahmed Badreldin.